|Bid||89.65 x 1800|
|Ask||89.70 x 800|
|Day's Range||87.86 - 89.98|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||17.80|
|Earnings Date||Oct 17, 2019|
|Forward Dividend & Yield||4.56 (5.20%)|
|1y Target Est||93.94|
Philip Morris International (PM) reported its second-quarter earnings results on Thursday. The company reported adjusted EPS of $1.46.
The stock market again took a break from its robust rally as it digests more earnings results. We've seen plenty of mixed results, but so far, the market is handling the news pretty well. Here are a few top stock trades to watch going into the last trading day of the week. Top Stock Trades for Tomorrow 1: IBM Click to EnlargeInternational Business Machines (NYSE:IBM) started off lower on the day, but climbed more than 4.5% later in the day after reporting its earnings results. InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast week, IBM stock pushed over downtrend resistance (blue line) and this week's move cements it. That prior downtrend mark is now a must-hold level for investors. I would love to see IBM stock stay above the trio of candlesticks that marked the weekly closing highs for the past 52 weeks. That's the black line that comes into play near $146. If it holds, shares could run into the mid- to high-$150s and possibly challenge the 2018 highs. Below the ~$146 mark and we'll need to see if the 10-week moving average holds as support. Top Stock Trades for Tomorrow 2: Honeywell Click to EnlargeLook at the beautiful "inside day" Honeywell (NYSE:HON) is printing after reporting its quarterly results and raising guidance. An inside day occurs when the entire range of the second day is "inside" the range of the prior trading session.Of course, this one is even more interesting as HON stock initially lost, then reclaimed the 50-day on Thursday, but couldn't get above the 21-day moving average. Hmm. This sets up a range trade.Below Wednesday's lows and HON is likely heading lower. Above Wednesday's highs -- remember, that's the prior session -- and HON is likely heading higher. At least, until it runs into potential downtrend resistance (blue line). Top Stock Trades for Tomorrow 3: Philip Morris Click to EnlargePhilip Morris (NYSE:PM) stock erupted 9% after better-than-expected earnings results. The move on the weekly chart thrust the stock above a key downtrend level, as well as the $87 mark. As long as PM holds above $87, bulls can justify a long position. Below it and we'll need to see the 200-week moving average hold as support. On the upside, let's see if PM can push through Thursday's highs and $90. Top Stock Trades for Tomorrow 4: Morgan Stanley Click to EnlargeMorgan Stanley (NYSE:MS) caught a slight lift after reporting second-quarter earnings. The stock continues to put in a series of higher lows and is maintaining above all of its major moving averages. However, it's having trouble pushing through resistance between $44 and $45. Like most major bank stocks, resistance continues to keep these names in check. Over $45 and a move to $46.50 is possible. Above that and $49 is doable. On a pullback, see that $43 holds as support. Below is concerning. Top Stock Trades for Tomorrow 5: Bank of America Click to EnlargeAnother example of a bank stock struggling to breakout? Bank of America (NYSE:BAC).The stock flirted with a breakout over $29.50 on Wednesday after beating on earnings expectations. However, the stock gave up most of its gains going into the close before holding short-term support at $29. BAC stock is stuck in a very tight range between $29 and $29.50. However, it's got plenty of bullish catalysts working in its favor, including earnings growth, revenue growth and a continually rising dividend and buyback. Its valuation continues to drop, too. * 7 Stocks Top Investors Are Buying Now If it can push through $29.50, it could trigger a breakout, first to $30 and possibly up toward $30.75. A move below the 21-day moving average and $29 is concerning.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 5 Top Stock Trades for Friday: IBM, HON, PM, MS, BAC appeared first on InvestorPlace.
Philip Morris earnings for the second quarter of 2019 have PM stock lighting up on Thursday.Source: Shutterstock Philip Morris (NYSE:PM) is increasing its outlook for the full year of 2019 thanks to a strong second-quarter earnings report. It now expects earnings per share for the year to be up by at least 9% from last year. This translates to an earnings per share minimum of $5.28 for the year. In comparison, Wall Street is estimating earnings per share of $5.16 for 2019.The Philip Morris outlook increase is due to its earnings per share of $1.46 for the second quarter of the year. This is up from its earnings per share of $1.41 from the second quarter of 2018. It was also a boon to PM stock by easily beating out analysts' earnings per share estimate of $1.32 for the period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis positive earnings per share comes despite the company seeing its total shipment volume for the quarter decreasing by 1.7%. This was due to shipping volumes decreasing in the Middle East & Africa, East Asia & Australia and Latin America & Canada regions. * 7 Stocks Top Investors Are Buying Now The Philip Morris earnings report also includes revenue of $7.70 billion for the second quarter of 2019. This is down slightly from its revenue of $7.73 billion reported in the second quarter of the previous year. Despite the decline, it was still good news for PM stock by coming in above Wall Street's revenue estimate of $7.37 billion for the quarter.PM stock was up 9% as of noon Thursday and is up 20% year-to-date. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) As of this writing, William White did not hold a position in any of the aforementioned securities.The post Philip Morris Earnings: PM Stock Surges on Outlook, Q2 Results appeared first on InvestorPlace.
Shares of the tobacco giant are surging 7% to $86.75 on Thursday following upbeat second-quarter earnings. Chief Financial Officer Martin King told Barron’s that Philip Morris is continuing to “benefit from the momentum we’ve been building.”
On Thursday, Philip Morris reported its second-quarter earnings results. It reported adjusted EPS of $1.46 on revenue of $7.70 billion.
Philip Morris' (PM) Q2 results gain from growth in heated tobacco units and favorable pricing. However, decline in cigarette shipment volumes were a drag.
Philip Morris (PM) delivered earnings and revenue surprises of 9.77% and 4.72%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Philip Morris International Inc. rallied 2.2% in premarket trading Thursday, after the cigarette seller reported a second-quarter profit and revenue that beat expectations, and raised its full-year earnings guidance. Net income rose to $2.31 billion, or $1.49 a share, from $2.19 billion, or $1.41 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS came in at $1.46, above the FactSet consensus of $1.32. Net revenue slipped 0.3% to $7.73 billion, to reflect negative effects of currency translation and favorable pricing variance, but was above the FactSet consensus of $7.38 billion. Total cigarettes shipment volume fell 3.6% during the quarter, as Marlboro shipments declined 1.2%, while heated tobacco units shipment volume increased 37%. The company raised its full-year EPS outlook to $4.94 from $4.87. The stock has hiked up 21.4% year to date through Wednesday, while the S&P 500 has gained 19.1%.
Philip Morris shares were rising 6.3% Thursday morning after the cigarette maker reported second quarter top- and bottom-line beats while also raising its full year guidance. The company reported net income of $2.31 billion, or $1.46 per share on revenue that declined 0.3% to $7.73 billion. "Building on our encouraging start to the year, we delivered another strong quarter that continues to demonstrate the soundness of our strategies and the quality of our execution," said CEO André Calantzopoulos.
Increases 2019 Full-Year Reported Diluted EPS Forecast to at Least $4.94 vs. $5.08 in 2018; Reflecting Currency-Neutral Like-for-Like Adjusted Diluted EPS Gro
Investing.com - Philip Morris (NYSE:PM) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
Philip Morris International, the company behind Marlboro, is to spend another $100m this year developing its alternative to traditional cigarettes as a global marketing drive intensifies to convert smokers to a new generation of products. Martin King, chief financial officer, said on Thursday that extra funds would be deployed to accelerate innovation of the company’s IQOS product — a cigarette-like device that heats, rather than burns, tobacco. of IQOS in the US, are the latest sign of big tobacco ramping up investment to safeguard the industry’s future.
Philip Morris (PM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Markets are high, as investors have rushed back into stocks on expectations that the Federal Reserve will cut interest rates at least once before year’s end. With bond yields already low, and lower rates in the offing, stocks are the natural place to turn. And among the stocks, high-yield dividends offer investors an additional income stream to supplement share price growth. Here we look at three stocks offering high dividend payouts. Broadcom, Inc. (AVGO)Shares in Broadcom slipped in recent sessions, when acquisition talks between the chipmaker and cyber security corporation Symantec (SYMC) broke off. Symantec ended the negotiations, saying that Broadcom’s per-share offer was too low. Both companies saw a retreat in share price; Broadcom much less.Macro factors have been more important to AVGO’s share performance than possible acquisitions. The US semiconductor industry was hit hard last month when tariff fears flared up, but that has eased since Presidents Trump and Xi met cordially at the G20 summit and announced that formal trade talks would resume.So, Broadcom is looking stable, but more attractive to investors is the company’s 3.73% dividend yield. While that percentage may not seem high, AVGO’s $284 share price makes the annualized payout $10.60. Quarterly, it pays out $2.65 per share. Even better, AVGO has a history of both consistent payouts and steady increases of the dividend. It’s a guaranteed income that nicely complements the stock’s 9% upside potential.Broadcom has gained over 13% since the beginning of June, and analysts are sanguine about the stock’s future. William Stein, of SunTrust Robinson, remains “positive on Broadcom's outstanding historical track record of value creation from its investing decisions and expects its management to continue to make intelligent capital allocation decisions.” His price target, $307, suggests an 8% upside to the stock.A look at Stein’s ratings history on Broadcom shows that he has been consistently bullish on this stock for the last year. Even better, his ratings are frequently borne out by performance – he has a 19% average return on his recommendations for AVGO shares.>>Click Here to see William Stein’s complete Analyst ProfileOverall, Broadcom holds a strong buy from the analyst consensus, based on 21 buy ratings and 6 holds assigned in the last 3 months. The stocks $311 average price target suggests room for 9.6% growth from the $284 current share price. Home Depot, Inc. (HD)Home Depot leads the big-box home improvement superstore niche, with double the market share, double the share price, and triple the market cap of its largest competitor, Lowe’s (LOW). With recent positive economic indicators, especially June’s strong jobs numbers and the prospect of a Fed interest rate cut putting downward pressure on mortgage rates, the home improvement niche is looking strong.A solid business niche leads to profit and cash flow. HD is set to release Q2 earnings on Aug 13, and the expectation is for $3.09 per share, and increase of 36% from last quarter’s $2.27 EPS. Historically, the company’s fiscal second quarter is its strongest for earnings.HD also has a history of sharing earnings with investors through a robust dividend. The yield is a modest 2.5%, but the high share price makes the annual payout $5.44. Quarterly payments are $1.36, and HD has a history of raising the dividend each year.>>Click here to see the HD Dividend CalendarThe reliable dividend and profitable business model may explain HD’s popularity among investors. TipRanks tracks over 50,000 individual portfolios; among the best performing of these, Home Depot shares appear in 16.3%, or 1 out of 6. Top performing investors have increased their HD holdings by more than 2% over the past month, reflecting the overall “very positive” investor sentiment on the stock.>>Click Here to see HD Investor SentimentInvestors and dividend fans aren’t the only ones bullish on Home Depot. Goldman Sachs analyst Kate McShane reviewed the stock earlier this month and gave it a $235 price target, implying an upside potential over 8%. In her comments, McShane wrote: “Home Depot hits all the marks when it comes to gaining market share and increasing operating dollar growth. Expect these two attributes to drive upside to the stock over the next 12 months.”Home Depot’s price target presents us with the interesting case of a solid stock whose recent gains have pushed its share price above recent analyst expectations. HD is trading at $217; the average price target, however, is only $209, and still reflects older analyst ratings. As McShane’s comments and target show, Wall Street is beginning to readjust its outlook on the company. HD remains a strong buy, based on an analyst consensus of 8 buys and 5 holds in the past three months. Philip Morris International, Inc. (PM)Yes, this is a cigarette company, a classic “sin stock.” But investors are in the market to make a profit, and that’s where Philip Morris delivers. Year-to-date, shares in PM are up 22%. The profits come while cigarette sales are slowing, as the tobacco companies have been casting about for other business opportunities, making investments in cannabis, alcohol, and e-cigarettes.In looking for alternate revenue streams, Big Tobacco hasn’t forgotten the investor. PM pays out a regular dividend of $1.14 quarterly. Annualized, this represents an income of $4.56 per share and a yield of 5.59%. More important, is PM’s 11-year history of growing the dividend, making this stock particularly attractive to value investors.>>Click Here to see the PM Dividend CalendarSecular trends – especially the poor reputation of tobacco and smoking products – may be lined up against the tobacco companies, but some Wall Street analysts see this as a buying opportunity. Writing from Goldman Sachs, Judy Hong says, “Tobacco valuations are "at a 10-year trough despite a more accommodating market backdrop.”She sees a floor to cigarettes’ unpopularity, and a stabilization in sales and profits. Continuing, she says, “Expect the current discount on tobacco stocks to narrow as cigarette fundamentals hold up better than feared, contribution from next generation tobacco products builds, and regulatory concerns subside over time.”Hong says that the bearishness on tobacco traces back to lower sales volumes for cigarettes along with up-front costs of the shift to e-cigs and other alternative products. However, she adds, “Expect the decline in cigarette consumption to abate and the shift to e-cigarettes to moderate. And international cigarette volume trends have been mostly stable.” In line with her bullish stance on the industry, Hong gives PM a solid buy rating.Bonnie Herzog, of Wells Fargo, agrees with Hong on the outlook for Philip Morris. She bases her optimism, however, on a successful move toward alternative tobacco products, specifically the iQOS heat-not-burn option. Writing of PM, she says she expects the company to beat the Q2 earnings estimate, saying, “We expect PM will beat conservative EPS of $1.32 (vs our $1.36) and we expect: (1) sequential acceleration of iQOS shipment volume in Japan (+14.5%) given strength from next generation iQOS 3/Multi platforms; (2) iQOS to lead heat-not-burn (HNB) category growth in Japan and gain market share elsewhere; and (3) strong cigarette price realization.”Herzog gives PM a price target of $100, suggesting an upside potential of 22% to the stock. Her rating suggests that PM has more room for growth than the conventional wisdom would indicate – PM’s average price target is $93, indicating a possible upside of 15% from the share price of $81.PM’s analyst consensus rating is a moderate buy, derived from 7 buys and 3 holds in the last three months.TipRanks puts a wide variety of data analysis tools at your fingertips, so you can find the right investment for your portfolio. 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Boston Beer (SAM) is likely to deliver robust second-quarter 2019 results on continued depletion and shipment growth. However, rising costs and a sluggish Samuel Adams brand may act spoilsport.