Philip Morris International has been identified as leaders in pre market trading. Trade ideas have also identified the company as international because of different factors.
Trade-Ideas LLC identified Philip Morris International ( PM) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Philip Morris International as such a stock due to the following factors:
PM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $404.7 million. PM traded 16,018 shares today in the pre-market hours as of 7:46 AM. PM is up 4.6% today from yesterday’s close.
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. The stock currently has a dividend yield of 5.2%. PM has a PE ratio of 16.3. Currently there are 4 analysts that rate Philip Morris International a buy, 1 analyst rates it a sell, and 4 rate it a hold.
The average volume for Philip Morris International has been 5.3 million shares per day over the past 30 days. Philip Morris International has a market cap of $119.9 billion and is part of the consumer goods sector and tobacco industry. The stock has a beta of 1.06 and a short float of 0.7% with 2.10 days to cover. Shares are down 4.1% year-to-date as of the close of trading on Tuesday.
TheStreetRatings Analysis:
TheStreet Quant Ratings rates Philip Morris International as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company’s earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself.
Highlights from the ratings report include:
Despite the weak revenue results, PM has outperformed against the industry average of 23.1%. Since the same quarter one year prior, revenues slightly dropped by 7.6%. Weakness in the company’s revenue seems to have hurt the bottom line, decreasing earnings per share.
The gross profit margin for PHILIP MORRIS INTERNATIONAL is rather high; currently it is at 66.25%. Regardless of PM’s high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, PM’s net profit margin of 22.39% compares favorably to the industry average.
Reflecting the weaknesses we have cited, including the decline in the company’s earnings per share, PM has underperformed the S&P 500 Index, declining 7.18% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
PHILIP MORRIS INTERNATIONAL’s earnings per share declined by 16.9% in the most recent quarter compared to the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, PHILIP MORRIS INTERNATIONAL reported lower earnings of $4.76 versus $5.26 in the prior year. For the next year, the market is expecting a contraction of 10.9% in earnings ($4.24 versus $4.76).
Net operating cash flow has decreased to $1,354.00 million or 41.63% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm’s growth is significantly lower.
