79.85 0.00 (0.00%)
Pre-Market: 8:27AM EDT
|Bid||79.47 x 800|
|Ask||80.00 x 800|
|Day's Range||77.91 - 80.42|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||15.90|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||4.68 (5.92%)|
|1y Target Est||92.94|
U.S. stocks managed small gains on Thursday, with all three major indexes closing in the black. The United Kingdom and European Union have agreed on a draft Brexit deal.
Juul has suspended the sale of non-tobacco and non-menthol flavors in the U.S., according to a company press release. Altria, a big investor in Juul, saw its stock gain more than 1% on Thursday.
Philip Morris said that it was in merger talks as recently as August but cancelled those talks amid increased furor over the vaping related deaths.
The tobacco giant’s chief financial officer tells Barron’s that the company is taking market share and seeing success with its reduced-risk products.
Philip Morris' (PM) Q3 results gain from growth in heated tobacco unit and favorable pricing. However, decline in cigarette shipment volumes was a drag.
Cigarette maker Philip Morris reported better-than-expected third-quarter earnings Thursday. The stock was up in premarket trading, but fell after management provided disappointing fourth quarter guidance on the company’s earnings conference call.
Bernstein Research published its latest “Quant + Fundamental” stock picks. Three names are holdovers from the April picks: Philip Morris International, CVS Health and Southwest Airlines.
Philip Morris (PM) delivered earnings and revenue surprises of 5.93% and 0.42%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Philip Morris International Inc. shares rose more than 2% then pared its gains to trade up 0.1% in premarket trade Thursday, after the company topped profit estimates for the third quarter as sales fell slightly short. The company said it had net income of $1.896 billion, or $1.22 a share, in the quarter, down from $2.247 billion, or $1.44 a share, in the year-earlier period. Adjusted per-share earnings came to $1.43, ahead of the $1.36 FactSet consensus. Revenue edged up to $7.642 billion from $7.504 billion, just below the FactSet consensus of $7.651 billion. The company revised down its full-year guidance and now expects EPS of at least $4.73, compared with prior guidance of at least $4.94. It expects adjusted EPS of $5.14. The current FactSet consensus is for EPS of $5.21. The new guidance includes a 4 cents a share tax benefit, asset impairment and exit costs fo about 4 cents a share, a Canadian tobacco litigation-related charge of about 9 cents a share and 12 cents impact of the loss of the deconsolidation of PMI's Canadian subsidiary Rothmans, Benson & Hedges Inc., among other special charges. The company is expecting a total international industry volume decline excluding China and the U.S. of 2.5% in 2019. Shares have gained 18% in 2019, while the S&P 500 has gained 19%.
Revises, for a Tax Charge of $0.20 Per Share in Russia, 2019 Full-Year Reported Diluted EPS Forecast to at Least $4.73 vs. $5.08 in 2018, Reflecting Currency-Neutral Like-For-Like
The tobacco giant beats analysts' expectations for earnings and revenue for the third quarter, with results buoyed by growing demand for its new, smokeless tobacco product, IQOS.
Investing.com - Philip Morris reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
Investing.com -- There's a Brexit deal in the offing, although it still needs to be approved by a recalcitrant British parliament. The pound and other U.K. and European assets are responding with enthusiasm. Elsewhere, Netflix (NASDAQ:NFLX) is set for a pop after stronger-than-expected earnings in the third quarter, even though subscriber growth again fell short of expectations. There are also regular updates on U.S. industrial production and the housing market, while oil is struggling after a big build in U.S. crude stocks last week. Here's what you need to know in financial markets on Thursday, 17th October.
Earnings will continue as the focal point for investors Thursday, as Morgan Stanley and Union Pacific gear up to report.
Philip Morris International (PM) is set to report their third quarter results before the opening bell on Thursday, October 17th.
While it’s too early to be sure, she thinks that negative headlines about e-cigarettes could be helping traditional cigarette sales. Altria and Philip Morris stock have been trading in opposite directions this year.
One strategist screened for companies that are expected to see earnings drop in the third quarter, and have had three or more “double misses” during the last eight quarters. Stocks that fit the bill include Walt Disney, Philip Morris International, and Deere.
Philip Morris will announce its third-quarter earnings results on October 17. We believe the pressure on the company’s top line could ease a bit.
Escalating trade tensions and the upcoming U.S. presidential election will add uncertainty to deal volumes which are set to fall by 25% in 2020.
For those looking for a milder taste and lighter effect of a cigarette, we prepared a list of lowest tar and nicotine cigarette brands in 2019. Let’s start off with some crude facts. A cigarette consists of around 600 ingredients, which contain more than 7000 chemicals, of which 4,000 to 5,000 are harmful. Tar and nicotine are only two […]
The CDC says the total cases of vaping-related illnesses rose to nearly 1,300 incidents, and at least 26 confirmed deaths. Yahoo Finance's Zack Guzman & Julia La Roche, along with CapitalistBook.com author Nathan Latka discuss with NYU School of Medicine's Moon-Shong Tang.