|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||81.43 - 82.94|
|52 Week Range||81.43 - 123.55|
|PE Ratio (TTM)||21.09|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||4.28 (5.19%)|
|1y Target Est||107.88|
Consumer-staples stocks have fallen 12% this year as investors once attracted to the steady payouts of companies selling goods like breakfast cereal, toothpaste and razors shop elsewhere.
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.
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%.
Some analysts say that a shift toward vaping among pot users could make the marijuana business an opportunity for big tobacco firms like Altria Group and Turning Point Brands.
Shares of Philip Morris International (PM) are down again Friday, after they were the worst performer in the S&P 500 on Thursday, following its mixed first-quarter earnings. Investors worried that its new tobacco products are not growing quickly enough (although others saw a buying opportunity). Bank of America Merrill Lynch analyst Lisa Lewandowski downgraded the shares to Underperform from Neutral and cut her price target to $88 from $113, writing that she is more cautious on IQOS, the company’s electronic tobacco-delivery system, and the unexpected slowdown in Japanese demand.
Jim Cramer addresses the recent pain in cigarette manufacturers' stocks and shares his outlook on the tobacco business.