Altria Group Inc

The potential ban on flavored e-cigarettes to be favorable for Altria Group (MO), Philip Morris International (PM), and British American Tobacco (BTI).

In 4Q16, the Smokeable segment made up 84% of Altria’s total revenues. The Smokeless, Wine, and Other segments made up 10.3%, 5.1%, and 0.6% of the total, respectively.

The partial shares option structured with ABI’s proposal is not an advantageous option for many of SABMiller shareholders. This is due to the illiquidity of the restricted shares proposed to be issued by ABI under the option.

Philip Morris’s (PM) European Union region’s reported net revenue fell 6.8% to $1.9 billion in 4Q15 compared to $2.1 billion in 4Q14.

RJR Tobacco’s adjusted operating margin increased 4.1 percentage points to 44.6% in 4Q15.

After the market opened on September 8, The Kroger Company (KR) reported its fiscal 2Q17 results. The company posted EPS of $0.39 in fiscal 2Q17.

The net revenues from Altria Group’s Smokeable Products segment fell 1.5% from ~$4.5 billion to ~$4.4 billion.

Philip Morris International (PM) announced its 3Q17 earnings on October 19. The company posted adjusted EPS (earnings per share) of $1.27 on revenues of $7.47 billion.

In 2014, Philip Morris’s Latin America and Canada segment reported a 2.3% decline in net revenues. The region had the company’s lowest revenues, at 11%.

According to the BEA, personal income rose 0.30% to $52.5 billion in August 2015. This was below the consensus estimate of 0.40%.

As of June 9, 2017, Altria Group (MO) was trading at $75.46.

As of February 1, 2017, Altria Group (MO) was trading at $71.39. This share price may have been priced into the estimates we’ve discussed previously in this series.

Dividends On December 7, 2016, Altria Group (MO) announced a dividend of $0.61 for 4Q16. The record date was December 22, 2016. The 4Q16 dividend takes the company’s dividend for the year to $2.35, which represents a growth of 8.3% from the dividend of $2.17 in 2015. In 1Q17, 2Q17, and 3Q17, analysts expect the […]

In 2Q17, Philip Morris International (PM) posted revenues of ~$6.9 billion, which represents growth of 4.0% from ~$6.7 billion in 2Q16.

RAI’s increase in revenue was driven by the continued strong performance of Vuse Digital Vapor Cigarette in 4Q15.

Analysts are expecting Altria to post revenue of ~$19.8 billion in 2017, which represents a rise of 2.3% from ~$19.3 billion in 2016.

In 1Q17, Altria Group (MO) posted EPS of $0.72. Removing special items, the adjusted EPS stood at $0.73—slightly lower than analysts’ estimate of $0.74.

Analysts expect Philip Morris International (PM) to post revenue of $7.38 billion in the fourth quarter.

Reynolds American (RAI) has a market cap of $73.4 billion. It rose by 1.6% to close at $51.03 per share on June 20, 2016.

Reynolds American’s Santa Fe subsidiary’s 3Q15 revenue rose 21.8% to $0.21 billion in 3Q15 compared to $0.18 billion in 3Q14.

Analysts are expecting Altria Group (MO) to post EPS (earnings per share) of $3.30 in 2017. That represents a rise of 8.9% from $3.03 in 2016.

Altria Group (MO) and Philip Morris International (PM) are trading at higher valuations relative to the S&P 500 Index (SPY) (IVV) (VOO) and the Dow Jones Industrial Average (DIA).

In 1Q17, analysts are expecting Altria Group (MO) to post a gross margin, EBITDA margin, and net margin of 59.7%, 49.9%, and 30.9%, respectively.

Philip Morris’s stock over the last twelve months showed a ~9.2% decrease in August 2015. But its higher returns on invested capital indicate efficiency.

As of August 21, Philip Morris was trading at a forward PE multiple of 15.7x compared to 14.9x before its announcement of its second-quarter earnings.

On January 19, 2018, Jeffries upgraded Philip Morris International (PM) from “hold” to “buy.”

The S&P 500 Consumer Staples sector rose 0.15% on December 19. Costco Wholesale (COST) and Altria Group (MO) were the top performers.

Reynolds American’s peers have outperformed it based on price-to-earnings. However, Reynolds American is ahead of its peers based on price-to-sales.

In 3Q16, Philip Morris International (PM) posted a gross margin, an EBITDA margin, and a net margin of 65.2%, 45.3%, and 27.8%, respectively.

Despite the overall decline in cigarette shipments of 4.4%, Philip Morris outperformed other tobacco companies by posting revenue growth of 9.1%.

Altria Group (MO) has a market cap of $128.8 billion. It fell by 0.36% to close at $65.92 per share on August 25, 2016.

For 3Q17, analysts expect Altria Group (MO) to report a gross margin, EBITDA margin, and net margin of 62.3%, 51.8%, and 31.6%, respectively.

Cronos Group (CRON) is one of the most popular Canadian cannabis companies that is set to become a leader. The company involves in the production and sale of marijuana and the sub-products obtained from marijuana with facilities located across five continents. Moreover, the company was set up in 2012, with tobacco company Altria Group (MO) […]

In recent years, vaping devices or e-cigarettes have been considered safer than tobacco cigarettes. However, the rise in vaping is now a matter of concern.

On August 23, the markets tumbled due to the escalating trade war. The S&P 500 Index lost around 2.6%. Altria stock held out and lost just 0.4%.

Cannabis legalization is heating up. More states are coming forward to legalize marijuana. Cannabis is also gaining global popularity.

Cannabis company Cronos Group has expanded its presence in the US cannabidiol market through a tie-up with tobacco company Altria Group.

Philip Morris International (PM) has a market cap of $136.3 billion. It rose 0.47% to close at $88.18 per share on December 6, 2016.

On September 22, 2015, Reynolds American’s (RAI) indirect subsidiary, R.J. Reynolds Tobacco Company, signed a technology-sharing term sheet with British American Tobacco (BTI).

Philip Morris (PM) is set to release its 2Q16 earnings results before the Market opens on July 19, 2016. PM’s earnings and revenue missed the consensus Wall Street analyst expectations in 1Q16.

Philip Morris International (PM) has a market cap of $153.4 billion. It rose by 0.14% to close at $99 per share on August 12, 2016.

Vaping has become very popular. However, investigations by the FTC and FDA sparked more concerns. Juul’s vaping devices could cause seizures.

The FDA’s (Food and Drug Administration) recent announcement could have compelled analysts to lower their 12-month target price for Altria Group (MO).

On January 2, as reported by CNBC, the FDA banned most fruit- and mint-flavored nicotine products. The move aims to reduce teen usage of these products.

Philip Morris has been capitalizing on the growth potential of iQOS and plans to commercialize its expansion in additional cities in Italy and Japan by 4Q15.

On January 16, 2018, Goldman Sachs upgraded Procter & Gamble (PG) to a “neutral” from a “sell” and increased the target price for the stock to $88 from $83.

Price movement Reynolds American (RAI) has a market cap of $67.3 billion. It rose 14.0% to close at $53.78 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 13.8%, 10.3%, and 19.6%, respectively, on the same day. RAI is trading 14.1% above its 20-day moving average, 11.2% […]

Altria Group (MO) announced its 2Q17 earnings on July 27, 2017. The company has posted EPS (earnings per share) of $1.03 on revenues, net of excise taxes, of $5.07 billion.

Behemoth tobacco companies Philip Morris (PM) and Altria (MO) might be getting back together after separating more than a decade ago.

Price movement Philip Morris International (PM) has a market cap of $159.0 billion. It fell 0.19% to close at $101.53 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.7%, 1.4%, and 17.9%, respectively, on the same day. PM is trading 1.4% above its 20-day moving average, […]

Altria’s support as SABMiller’s largest shareholder is vital. The company has held a stake in SABMiller since 2002.

On September 28, Goldman Sachs upgraded Brown-Forman (BF-B) to “neutral” from “sell” and raised the target price to $56 from $51.

On October 7, Anheuser-Busch InBev announced a formal cash bid of 42.2 pounds per share to SABMiller’s board. This was the third offer rejected by SABMiller.

Altria Group’s (MO) wine segment’s 1Q16 net revenue rose 8.2% to $0.15 billion compared to $0.13 billion in 1Q15.

Price movement Reynolds American (RAI) has a market cap of $66.3 billion. It fell 2.1% to close at $46.29 per share on October 19, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.7%, -2.9%, and 2.9%, respectively, on the same day. RAI is trading 2.2% below its 20-day moving average, 4.5% […]

Philip Morris International (PM) is set to announce its 2Q17 earnings before the market opens on July 20, 2017.

MKM Partners analyst Bill Kirk likes Cronos Group’s healthy cash position, strong track record, and its relationship with Altria (NYSE:MO).

During its latest earnings call, Aphria (APHA) stated that vapes and concentrates could form a major share of Canada’s recreational market by 2021.

Procter & Gamble’s strong underlying sales, margin expansion, and consistent dividend growth make it a top stock for income-seeking investors.

Due to high visibility in Altria Group’s (MO) earnings, we have opted for a forward PE (price-to-earnings) ratio for our analysis.

Altria’s (MO) fiscal 4Q15 net revenue for its wine segment increased 7.4%. Full-year 2015 revenue increased 7.6% to $0.2 billion.

Philip Morris is planning to implement price increases in retail (XRT) markets that include Russia, Argentina, Germany, and Indonesia.

During the quarter, Altria Group (MO) posted a gross margin and operating margin of 60.6% and 49%, respectively.

Phillip Morris’s adjusted operating income margin increased 1.4% in 3Q15 and 1.6% for the nine months ending September 30, excluding negative currency impact changes and excise taxes.

For 3Q17, Philip Morris International (PM) posted a gross margin, an EBITDA (earnings before interest, tax, depreciation, and amortization) margin, and a net margin of 63.4%, 44.1%, and 26.4%, respectively.

During the next four quarters, analysts are expecting Altria Group (MO) to post EPS (earnings per share) of $3.37.

Philip Morris International (PM) is scheduled to post its fourth-quarter earnings results before the market opens on February 7.

CVS Health (CVS) announced its fiscal 4Q17 results on February 8 before the market opened. CVS’s revenue increased 5.3% YoY.

Analysts’ expectations For the next four quarters, analysts expect Altria Group (MO) to post EPS (earnings per share) of $3.51, which represents 11.1% growth from the $3.16 seen in the last four quarters. Earnings growth Altria’s EPS growth is expected to be driven by revenue growth, net margin expansion, and share repurchases. For the next four […]

Altria’s (MO) smokeless tobacco product segment’s net revenue increased 4.7% in fiscal 4Q15 and 3.9% for the full year to $0.5 billion.

As of October 16, Philip Morris is trading at a higher valuation than the S&P 500 and the Dow Jones Industrial, with a 18.6x forward earnings PE multiple.

In the first three quarters of 2018, Altria Group (MO) posted adjusted EPS of $3.04, which represents growth of 22.6% from $2.48 in the corresponding three quarters of the previous year.

General Motors (GM) has a market cap of $50.1 billion. It fell 0.81% to close at $31.89 per share on October 11, 2016.

Altria Group (MO) posted its fourth-quarter earnings on January 31. During the quarter, the company’s EPS met analysts’ expectations.

For the next four quarters, analysts expect Philip Morris International (PM) to post net revenues of ~$30.7 billion.

Although Altria’s 1Q17 earnings and revenues were lower than analysts’ estimates, analysts raised the target price marginally from $73.2 to $73.6.

Altria posted a net revenue, excluding excise taxes, of $4.73 billion, which represents year-over-year growth of 0.1%.

In the third quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.17 billion.

In the fourth quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.39 billion.

Of the 19 analysts that cover Philip Morris, 47.4% are recommending a “buy,” 47.4% are recommending a “hold,” and 5.3% are recommending a “sell.”

Altria’s (MO) net revenue of excise taxes increased 2.5% to $4.7 billion in fiscal 4Q15. But it missed revenue estimates after beating them for five consecutive quarters.

Philip Morris stock has risen as much as 3.2% in the pre-market session today as of 8:55 AM ET. The company posted its second-quarter results.

Analysts expect Altria to report revenues of $5.08 billion in the second quarter of 2020—a fall of 2.2% from $5.19 billion in the second quarter of 2019.

So far this year, Philip Morris (NYSE:PM) has lost 17.0% of its stock value. The stock has underperformed the broader equity markets.

On Tuesday, the FDA authorized Philip Morris’s IQOS, an electrically heated tobacco unit, to be marketed as a modified risk tobacco product.

Today, Gaurav Jain of Barclays downgraded Altria Group (NYSE:MO) from “overweight” to “equal weight.” He also lowered his target price from $50 to $43.

This year, Philip Morris stock has been subdued, losing 13.6% of its value. The company is set to report its second-quarter earnings on July 21.

Cronos Group, one of the more resilient cannabis stocks, hasn’t escaped the gloom in the cannabis sector. It’s down 37.44% year-to-date on the Nasdaq.

Layoffs amid COVID-19 led to a decline in disposable income, which had a negative impact on the cigarette and cannabis industries.

So far this year, Philip Morris International (NYSE:PM) and Altria Group (NYSE:MO) have underperformed the broader equity markets.

Investing in Altria stock is a no-brainer considering the company’s solid track record of dividend payments and low valuation.

Despite the impressive first-quarter performance, Philip Morris’s stock price has declined. As of May 7, the company was trading at $70.14.

Cronos Group (NASDAQ:CRON) will likely report its results for the first quarter of fiscal 2020 on May 8 before the market opens.

As of April 29, Cronos Group was trading at 8.63 Canadian dollars—a fall of 4.3% since the company reported its fourth-quarter earnings.

Today, Altria reported its first-quarter earnings. For the quarter, the company reported an adjusted EPS of $1.09 on net revenues of $5.05 billion.

Currently, 14 analysts cover Altria stock. Many analysts have a bullish view on the stock due to its higher dividend yield and lower valuation.

Philip Morris reported its earnings results for the first quarter of 2020. The company reported an adjusted EPS of $1.21 on revenues of $7.15 billion.

As of April 13, Philip Morris (NYSE:PM) was trading at 73.95—a fall of 11.3% since the announcement of its fourth-quarter earnings on February 6.

Cronos Group will report its fourth-quarter and fiscal 2019 results after the market closes today—a delay from the original date of February 27.