|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's range||81.56 - 82.74|
|52-week range||76.21 - 121.69|
|PE ratio (TTM)||21.24|
|Earnings date||19 Jul 2018|
|Forward dividend & yield||4.56 (5.52%)|
|1y target est||99.53|
Wall Street analysts are expecting Altria Group (MO) to post second-quarter revenue, net of excise tax, of $5.02 billion, which represents a fall of 0.9% from $5.07 billion in Q2 2017. To drive sales, Altria has restructured to form two divisions: core tobacco and innovative tobacco products. Altria has also reported that it will be employing a chief growth officer to accelerate the introduction of innovative products and technologies to market.
Altria Group (MO) is scheduled to report its second-quarter earnings before the market opens on July 26. As of July 13, the company was trading at $58.50, which represents a rise of 4.8% since the announcement of its first-quarter earnings on April 26. Altria stock was driven by strong first-quarter earnings when it outperformed analysts’ EPS expectation of $0.80 by posting $0.91. Altria has been struggling in 2018 due to the increase in anti-tobacco regulations and the declining number of smokers.
Philip Morris International (PM) is scheduled to announce its second-quarter results before the market opens on July 19. Its revenue is expected to rise 9.1% YoY (year-over-year) to $7.5 billion. Its EPS are expected to rise 7.9% YoY to $1.2 compared to $1.1 in the second quarter of 2017.
Smucker (SJM) announces a quarterly dividend hike of 9% from 78 cents per share to 85 cents. This marks the company's 17th straight year of dividend hike.
Executives from India met in Washington at the Annual Leadership Summit of the U.S.-India Strategic and Partnership Forum. Many expressed their concern about an ongoing trade dispute.
Could Philip Morris Meet Analysts’ Expectations in Q2 2018? The forward PE multiple is calculated by dividing the company’s stock price by analysts’ earnings estimates for the next four quarters. On July 11, Philip Morris International (PM) traded at a forward PE multiple of 15.2x compared to 18.7x before it announced its first-quarter earnings on April 19.
Could Philip Morris Meet Analysts’ Expectations in Q2 2018? This expansion is expected to be driven by revenue growth and a lower effective tax rate. Analysts expect Philip Morris’s EBIT margins to fall from 39.3% in the second quarter of 2017 to 38.8%.
Could Philip Morris Meet Analysts’ Expectations in Q2 2018? Wall Street analysts expect Philip Morris International (PM) to post second-quarter revenues, net of excise taxes, of $7.56 billion. This revenue growth is expected to be driven by an increase in product prices and growth in RRP (reduced-risk products) sales.
Philip Morris International (PM) is scheduled to announce its second-quarter earnings before the market opens on July 19. On July 11, PM stock was trading at $82.84, which represents a fall of 18.3% since the announcement of its first-quarter earnings on April 19.
NEW YORK--(BUSINESSWIRE)-- Regulatory News: Philip Morris International Inc. (NYSE:PM) will host a live audio webcast at www.pmi.com/2018Q2earnings on Thursday, July 19, 2018, at 9:00 a.m. ET to discuss ...
Investors are lining up behind Juul Labs Inc., a startup that makes electronic cigarettes popular with young people. Juul said in a U.S. securities filing posted Tuesday that it raised $650 million out of a funding round expected to reach $1.2 billion. The deal is set to value the business at about $15 billion, Bloomberg reported last month. Tiger Global and Fidelity Investments are among Juul’s biggest shareholders, according to publicly available disclosures.
Investors shunned the stocks of tobacco companies in the first half of 2018 following the decline in shipment volumes. A deceleration in sales of reduced-risk products further irked investors since these products are meant to accelerate the sales growth rate amid a decline in the smoking rate around the world. The stocks of Philip Morris International (PM) and Altria (MO) fell 23.6% and 20.5%, respectively, in the first six months of 2018 (see graph below) and underperformed the benchmark index (SPY), which increased 1.7% during the comparable period.
As of July 2, Altria Group (MO) was trading at $55.80, and analysts’ 12-month stock price target was $68.57, implying a 22.7% return. On June 26, Morgan Stanley cut its target price from $65 to $63, while Jefferies lowered its target price from $84 to $70 on June 1. Since Altria’s first-quarter earnings announcement, Deutsche Bank, Citigroup, and Berenberg have lowered their price targets for its stock. The dip of 4.2% in Altria’s cigarette shipment volumes and increasing restrictions on tobacco products appear to have prompted analysts to lower their price targets.
Could Altria’s Price Correction Mean a Buying Opportunity? Altria Group (MO) has a strong history of enhancing shareholders’ returns through higher dividends and share repurchases. On May 17, Altria announced dividends of $0.70 per share at an annualized payout of $2.80.
The Australian government spent nearly $40m in its dispute with Philip Morris Asia over its plain packaging laws. In 2017 the court ordered the tobacco giant to pay Australia’s legal costs. The cost to taxpayers of the Australian government’s six-year legal battle with the tobacco giant Philip Morris over plain packaging laws can finally be revealed, despite the government’s efforts to keep the cost secret.
Phillip Morris (PM) joins hands with Parallax to develop and expand reduced-risk products in order to counter strict government regulations and changing consumer trends due to health hazards.
Australia triumphed on Thursday in a major trade dispute over its pioneering "plain" tobacco packaging law, with World Trade Organization judges rejecting a complaint brought by Cuba, Indonesia, Honduras and Dominican Republic. The WTO panel said Australia's law improved public health by reducing the use of tobacco products, rebuffing claims that alternative measures would be equally effective.
The World Health Organization welcomed Australia's victory in a landmark tobacco control case on Thursday, saying the ruling by the World Trade Organization was likely to accelerate implementation of "plain ...
Australia won a clear victory on Thursday in a major trade dispute over its pioneering tobacco packaging law, with a panel of judges at the World Trade Organization rejecting arguments brought by Cuba, Indonesia, Honduras and Dominican Republic. In its ruling, the WTO panel said Australia's "plain packaging" law contributed to improving public health by reducing use of and exposure to tobacco products, and rejected claims that alternative measures would be equally effective.
Philip Morris International Inc. (PM) takes another step towards a smoke-free future through a strategic collaboration with Parallax, a Canadian-based start-up. The co-founders of Parallax, Drs. Noe Zamel and Arthur Slutsky, are Canadian leaders in pulmonary research and medicine, with global reputations and more than 750 peer-reviewed publications between them. For years, they have been firm believers in tobacco harm reduction: the policy of providing safer alternatives to people who smoke as a complement to measures meant to encourage quitting and discourage people from starting to smoke.
Parallax Development Corp. (“Parallax”) and Philip Morris International (“PMI”) will join forces to develop innovations in alternative nicotine-delivery platforms. Parallax is a start-up co-founded by two leading Canadian pulmonary physicians focused on developing an inhalable nicotine product to provide less harmful alternatives to people who smoke. PMI’s stated ambition is that one out of three of its current consumers — that’s 40 million men and women who currently smoke — will switch to its better alternatives by 2025.
A World Trade Organization adjudication panel will rule on Thursday on a dispute over Australia's tough tobacco packaging rules, widely seen as a test case for public health legislation globally. The WTO ...