|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||80.47 - 82.30|
|52 Week Range||80.47 - 123.55|
|PE Ratio (TTM)||21.00|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||4.28 (5.19%)|
|1y Target Est||107.88|
Jim Cramer addresses the recent pain in cigarette manufacturers' stocks and shares his outlook on the tobacco business.
Philip Morris International Inc. (PM) informs its shareholders that its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 has been filed with the U.S. Securities and Exchange Commission (“SEC”). PMI makes available free of charge on its website at www.pmi.com, its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, reports filed pursuant to Section 16 of the U.S. Securities Exchange Act of 1934 and amendments to those reports as soon as reasonably practicable after PMI electronically files or furnishes such materials to the SEC. All of these documents will be provided free of charge to any shareholder requesting a copy by writing to: Philip Morris International Inc., 120 Park Avenue, New York, New York 10017, U.S.A., attention: Corporate Secretary.
After Philip Morris International Inc. (NYSE:PM) delivered disappointing first quarter numbers last week, Altria Group Inc (NYSE:MO) shareholders were tacitly waiting to hear their serving of quarterly bad news on Thursday morning. Altria’s gotten very, very good at keeping more and more plates spinning though, shrugging off a smoking cessation movement that’s just never going to go away. For the quarter ending in March, Altria earned an operating profit of 95 cents per share on revenue of $6.1 billion, up from a year-earlier top line of just a bit less than $6.1 billion, when it posted a profit of only 73 cents per share.
Consumer staple company stocks took a dive yesterday, inciting some analysts to draw parallels between this year’s market sell-off and that of the financial crisis that shook the global economy just 10 years ago. Consumer staples, supposed safe haven stocks in turbulent markets, declined by 4% last week, making it the third such decline in the past two months. Cappelleri illustrates the weakness in the sector by pointing to the Consumer Staples ETF ( XLP), which includes stocks like Procter & Gamble Co. ( PG), PepsiCo Inc. ( PEP), Colgate-Palmolive Co. ( CL), Philip Morris International Inc. ( PM), Kimberly-Clark Corp. ( KMB), and Mondelez International Inc. ( MDLZ), all of which have fallen more than the S&P 500 since the broader market sell-off first began near the end of January.
A Page One article on Tuesday about Alphabet’s first-quarter profit incorrectly said the move happened last year. Also, Alphabet more than doubled its capital expenditures to $7.3 billion in the first quarter, from $2.5 billion in the same period a year earlier. with an Encore report article Monday about retirees’ spending showed data for household health spending that didn’t include insurance premiums.
Investors once attracted to the steady payouts of companies selling staples like breakfast cereal, toothpaste and razors are shopping elsewhere. A series of disappointing earnings reports from industry giants such as Philip Morris International Inc., Procter & Gamble Co. and Kimberly-Clark Corp. have sent consumer-goods shares tumbling in recent days—a sign that many investors remain skeptical of the companies’ ability to cope with rising costs, as well as to fend off online competitors such as Amazon.com Inc. The sector’s underperformance comes as a surprise to analysts who had expected signs of a pickup in inflation to drive investors into shares of businesses that sell household goods and basic necessities, products that consumers would typically be willing to buy even when rising prices crimp their spending elsewhere.
In the hunt for high dividend yields in the S&P 500 , there are winners and losers. Philip Morris PM lives in the second camp, according to one market watcher. "The stock has broken down badly," Matt Maley , equity strategist at Miller Tabak, told CNBC's " Trading Nation " on Tuesday.
Shares of Philip Morris International Inc. (NYSE:PM) have certainly been taken out to the woodshed lately. PM stock has dropped a staggering 20% over the past five trading days following a disappointing earnings report. Undoubtedly a selloff was warranted due to the tepid earnings, but the recent carnage has now gotten a little extreme, both from a technical and fundamental perspective. I look for PM to find its footing near current levels.
Shares of tobacco companies tumbled after Philip Morris said cigarette shipments fell more than expected and sales for its cigarette alternative started to stall in a key market—raising wider alarm about ...
As of April 19, 2018, Philip Morris International (PM) was trading at $85.64. Analysts expect the company’s stock price to reach $109.44 in the next 12 months, which represents a return potential of 27.8%.
Consumer-staples stocks are falling again on Tuesday, on the heels of last weeks' big tumble, as the pain from Philip Morris International's (PM) disappointing tobacco volumes still hasn't subsided. The Consumer Staples Select Sector SPDR ETF (XLP) is falling 0.2% to$50.33 this morning, while Philip Morris is down 2% to $82.04. Cowen & Co.'s Vivien Azer reiterated an Outperform rating and $105 price target on the stock, writing that while trends for IQOS, its heated tobacco product, in Japan were disappointing, global survey results give her confidence in her constructive stance on the stock.
Due to its high visibility in Philip Morris International’s (PM) earnings, we have opted for the forward PE (price-to-earnings) multiple. Forward PE multiples are calculated by dividing companies’ current stock prices by analysts’ earnings estimates for the next four quarters.
Philip Morris International (PM) posted adjusted EPS (earnings per share) of $1 in 1Q18, 2.0% higher than its EPS of $0.98 in 1Q17, and higher than analysts’ expectation of $0.90. In 1Q18, the company’s EPS were driven by revenue growth and currency exchange, and partially offset by net margin contraction.
Philip Morris International (PM) had gross, EBIT (earnings before interest, and tax), and net margins of 61.8%, 35.2%, and 22.6%, respectively, in 1Q18, compared with 64.1%, 39.5%, and 26.2%, in 1Q17.
"Mad Money" host Jim Cramer addresses the recent pain in cigarette manufacturers' stocks and shares his outlook on the tobacco business. Cramer tracks how electronic cigarette makers like Juul Labs are stifling business at traditional cigarette makers. Last week, CNBC's Jim Cramer watched the long-standing tobacco sector get obliterated as Wall Street sentiment on the space turned starkly negative.
Analysts expect Philip Morris International (PM) to post revenue of $32.5 billion in the next four quarters, 9.8% higher than the $29.6 billion seen in the last four quarters. The growth is expected to be driven by price variance and RRP (reduced-risk product) sales and offset by a decline in cigarette shipment volumes. In 2018, Philip Morris expects pricing variance for combustible tobacco products to be favorable, by 7%. In 2018, its expects RRP revenue to rise 80%–90% from the $3.6 billion seen in 2017 as the company continues to expand product availability.
Philip Morris International (PM) posted revenue of $6.9 billion in 1Q18, missing analysts’ expectation of $7.0 billion. A deacceleration in iQOS sales led to lower-than-expected sales in 1Q18. However, the company’s 1Q18 revenue was 13.7% higher than the $6.1 billion it reported in 1Q17.
The usually reliable Altria Group Inc (NYSE:MO) is off to a horrific start this year, with MO stock shedding 18%. For technical analysts, the recent break below $60 was highly discouraging. In short, MO stock must regain its footing quickly due to the significant technical damage.
Philip Morris International (PM) posted its 1Q18 earnings before the market opened on April 19, 2018. The company reported adjusted EPS (earnings per share) of $1 on revenue of $6.9 billion. The company’s EPS rose 2.0% YoY (year-over-year), while its revenue rose 13.7%.