84.00 -0.06 (-0.07%)
After hours: 4:10PM EST
|Bid||84.11 x 800|
|Ask||84.06 x 1000|
|Day's range||84.00 - 84.99|
|52-week range||64.67 - 92.74|
|Beta (3Y monthly)||1.03|
|PE ratio (TTM)||17.52|
|Earnings date||5 Feb 2020 - 10 Feb 2020|
|Forward dividend & yield||4.68 (5.52%)|
|1y target est||91.44|
REVISES 2019 FULL-YEAR REPORTED DILUTED EPS FORECAST TO APPROXIMATELY $4.55 VS. $5.08 IN 2018, REFLECTING EX-CURRENCY LIKE-FOR-LIKE ADJUSTED DILUTED EPS GROWTH OF APPROXIMATELY 9.5
A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. The Criminal Court found Philip Morris Thailand as a company guilty but acquitted seven employees for lack of evidence they were responsible. Thailand’s state prosecutor filed criminal charges in 2017 against the company, accusing it of evading more than 20 billion baht ($662 million) in taxes between 2003 and 2006.
Sysco (SYY) announces a 15% hike in its quarterly dividend, taking it from 39 cents a share to 45 cents. This marks the 51st hike for the company.
Tyson Foods' (TSN) fourth-quarter fiscal 2019 results gain from improved sales in chicken, pork and prepared foods unit. However, sales decline in the beef unit is a drag.
Charges of almost $355 million related to the closure of Berlin plant compel Philip Morris (PM) to trim 2019 earnings view. It now expects earnings of $4.53.
Reflecting Ex-Currency Like-for-Like Adjusted Diluted EPS Growth of at Least 9.0%
When Altria posted its earnings yesterday, things looked positive. However, after news about Juul Labs, MO stock lost momentum and closed 2.6% lower.
Altria (MO) is scheduled to report its third-quarter earnings results on October 31. Analysts expect its earnings to continue to improve year-over-year.
Gains from pricing and savings efforts are likely to be reflected on Altria's (MO) Q3 results. However, receding cigarette sales volumes are a concern.
Altria stock has recovered sharply in October. There's positive momentum in the stock before the company's earnings. The stock has risen 14% in October.
As federal and state-level investigations into vaping companies like Juul pile up, experts who testified in Big Tobacco cases say a similar storm is brewing.
On October 18, Citigroup upgraded Altria stock to “neutral” from “sell.” It expects the negative news surrounding vaping to boost cigarette volumes.