84.45 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||84.00 x 1400|
|Ask||85.36 x 1000|
|Day's Range||83.17 - 84.83|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||17.08|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||4.56 (5.16%)|
|1y Target Est||91.35|
André Calantzopoulos, CEO of Philip Morris International, joins "Squawk on the Street" to discuss moves to raise the legal age to buy tobacco to 21.
Philip Morris International Inc. (PM) will host a live audio webcast of its 2019 Annual Meeting of Shareholders at www.pmi.com/2019annualmeeting on Wednesday, May 1, 2019 at 9:00 a.m. ET. During the Meeting, Louis C. Camilleri, Chairman of the Board, will address shareholders and answer questions. André Calantzopoulos, Chief Executive Officer, will give the business presentation.
With Philip Morris (PM) outriding Q1 estimates, we discuss the market impact on some consumer staple ETFs with high-exposure to this tobacco company.
“Given the rapid pace of innovation in the tobacco products space, we are emphatic that youth should not use any tobacco- or nicotine-containing product. Former smokers and never smokers should not return to, or pick up, the tobacco or nicotine habit. The entire effort must be on providing better choices to the men and women who smoke today,” reiterated André Calantzopoulos, CEO of Philip Morris International.
Philip Morris International PM , the tobacco company that sells Marlboro cigarettes, is getting into the life insurance business. Smokers will receive discounts if they stop, quit or switch to a possibly less carcinogenic product, like Philip Morris' vaping devices.
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ recommendations Of the 17 analysts covering Altria Group (MO), 47.1% recommend “buy,” 35.3% recommend “hold,” and 17.6%
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ expectations In the first quarter, analysts project Altria Group’s (MO) adjusted EPS to fall 2.9% YoY (year-over-year) to $0.92 from $0.95, dragged down
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ expectationsIn the first quarter, analysts expect Altria Group’s (MO) to fall 1.7% YoY (year-over-year) to $4.59 billion from $4.67 billion. During the
There's a new Kraft Heinz CEO that will be leading the company in the near future.Here's what we know about the new CEO for Kraft Heinz (NASDAQ:KHC). * The new Kraft Heinz CEO is Miguel Patricio. * He will be taking over as the CEO of the company starting on July 1, 2019. * This will have him taking over the position from Bernardo Hees, who will remain with the company as its CEO until June, 30, 2019. * Patricio is joining the company as the new Kraft Heinz CEO after spending two decades with Anheuser-Busch InBev (NYSE:BUD). * During his time with Anheuser-Busch InBev, Patricio served in various roles as part of its Executive Leadership team. * These roles include him serving as the company's Global Chief Marketing Officer from 2012 to 2018. * Prior to his, he was serving as the President of Asia Pacific from 2008 to 2012 for Anheuser-Busch InBev. * Before serving in that role, he was the President of North America for Anheuser-Busch InBev from 2006 to 2008. * Before starting his career at Anheuser-Busch InBev, Patricio worked at several other consumer companies. * Among these companies are Philip Morris (NYSE:PM), Coca-Cola (NYSE:KO) and Johnson & Johnson (NYSE:JNJ). * 7 Tech Stocks With Too Much Risk, Not Enough Upside You can follow this link to learn more about new Kraft Heinz CEO Miguel Patricio and the experience he is bringing to the company.InvestorPlace - Stock Market News, Stock Advice & Trading TipsKHC stock started the day off up 1% on Monday morning, but is now largely unmoved as of the afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Miguel Patricio: 10 Things to Know About the New Kraft Heinz CEO appeared first on InvestorPlace.
What’s Expected for Altria’s First-Quarter EarningsStock performanceAltria Group (MO) is set to report its first-quarter earnings on April 25. As of April 18, Altria stock was trading at $54.37, 13.7% higher than when it announced its
The Zacks Analyst Blog Highlights: Philip Morris, American Express, Honeywell, BB&T and SunTrust Banks
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar and who gains and loses.
Philip Morris Beat Analysts' ESP and Revenue Expectations in Q1(Continued from Prior Part)Stock performancePhilip Morris International (PM) outperformed analysts’ revenue and EPS expectations in the first quarter. Despite strong first-quarter
The tobacco giant was trading down, as concerns about potential legislation overshadowed better-than-expected first-quarter results.
Speaking at an event Thursday in his home state of Kentucky, the second biggest tobacco producer after North Carolina, the Republican leader said he plans to introduce legislation in May and expects it will get bipartisan support in the Senate. McConnell said he is motivated partly by the growing popularity of vaping products among young people, which studies have shown can affect brain development and yield higher rates of addiction to other drugs.
Philip Morris earnings for the first quarter of the year have PM stock dipping lower on Thursday.Source: Shutterstock Philip Morris (NYSE:PM) reported revenue of $6.75 billion for the first quarter of 2019. This is a drop from the company's revenue of $6.90 billion reported in the same period of the year prior. However, this does have it beating Wall Street's revenue estimate of $6.74 billion for the quarter, but that didn't keep PM stock from dropping.The Philip Morris earnings report for the first quarter of the year also has earnings per share coming in at $1.09. This is up from its earnings per share of $1.00 from the first quarter of 2018. It also comes in above analysts' earnings per share estimate of 97 cents for the period, but PM stock is still down on Thursday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNet income reported in the Philip Morris earnings release for the first quarter of 2019 comes in at $1.35 billion. This is down from the company's net income of $1.56 billion reported during the same time last year.Philip Morris earnings for the first quarter of the year also include operating income of $2.05 billion. The company's operating income from the first quarter of the previous year was $2.43 billion. * 5 Dividend Stocks Perfect for Retirees All of this is good news for Philip Morris. So why is PM stock slipping today? The drop may have to do with proposals to increase the smoking age in several states. These proposals come as the government considers ways to reduce teen vaping numbers.PM stock was down slightly as of noon Thursday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Philip Morris Earnings: PM Stock Ticks Lower Following Q1 Report appeared first on InvestorPlace.
Philip Morris Beat Analysts' ESP and Revenue Expectations in Q1First-quarter performance Philip Morris International (PM) reported its first-quarter results on April 18. For the quarter ending on March 31, the company posted an adjusted EPS of $1.09
Cigarette maker Philip Morris reports first-quarter earnings that handily beat Wall Street forecasts amid strong demand for both combustible and e-cigarette products.
Tobacco stocks fell Thursday, after Senate Majority Leader Mitch McConnell (Repub-Ky.) said he would introduce legislation that would raise the age to buy tobacco from 18 to 21. The new age limit would apply to all vaping and tobacco products, although young members of the military would be exempted. The news comes after a long campaign by outgoing Food and Drug Administration Commissioner Scott Gottlieb to crack down on teen vaping. Altria Group Inc. shares fell 2.7%, while Philip Morris International Inc. was down 1.1%. U.S.-listed shares of British American Tobacco fell 1.3%.
Philip Morris' (PM) Q1 results benefit from pricing and improved results from the RRPs category. However, the combustible unit continues to be weak.
While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.