Despite their reputation as "sin stocks," tobacco company shares have historically enjoyed rather wide popularity among investors. Many investors like them because of their high margins, robust cash flow, and the high dividends they typically pay. That outsized interest helps explain why more than a ...
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The tobacco industry is obviously still around, but there's no denying it's on the defensive. The smoking cessation movement has been whittling away at the number of worldwide smokers for decades, and there's no real growth in store for the traditional cigarette business. And yet, tobacco giant Philip ...
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Shares of Philip Morris International (NYSE: PM) were moving higher today after the international tobacco giant posted strong results in its first-quarter earnings report, driven by growth in its IQOS heated tobacco sticks. The stock closed up 3.8% on the news. Image source: Getty Images. Continue reading
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Philip Morris International Inc. (NYSE: PM) reported first quarter 2024 earnings results today. Net revenues increased 9.7% year-over-year to $8.8 billion. Organic revenue growth was 11%. Net earnings attributable to PMI was $2.1 billion compared to $1.9 billion last year. Reported EPS grew 7.8% to $1.38 ...
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Altria (NYSE: MO) is the type of company that can bring emotion into the investment process. A so-called "sin" stock, investors need to consider if they want to support a company that produces cigarettes. If you can get beyond that fact, though, you still aren't done with the buy, sell, or hold decision ...
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Shares of Philip Morris International Inc. (NYSE: PM) stayed red on Monday. The stock has dropped over 6% year-to-date. The tobacco giant is scheduled to report its first quarter 2024 earnings results on Tuesday, April 23, before markets open. Here’s a look at what to expect from the earnings report: ...
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Analysts estimate that millions of people die prematurely around the globe every year from habitual cigarette usage. This has been an issue for over a century, which is why people and governments are consistently working to reduce smoking levels among the global population. But what if I told you the ...
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More than any of the big three tobacco stocks, which includes Altria (NYSE: MO) and British American Tobacco (NYSE: BTI), Philip Morris International (NYSE: PM) has found success in next-gen, heated-tobacco products. In 2023, 36.4% of its adjusted-net revenue came from smoke-free products, up from 32.1% ...
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Global tobacco giant Philip Morris International (NYSE: PM) has been stuck in the mud for five years. The stock has zigged-zagged up and down, but it currently sits roughly where it did in 2019. But that could soon change. The company has been working hard to develop and acquire its next-generation products ...
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