bleexShares of Philip Morris International (NYSE:PM) reached a new 1-year high after the tobacco company beat second-quarter earnings estimates last week, chiefly because the tobacco firm makes continual gains in the smoke-free product segment. Philip Morris is seeing strong growth for its heated tobacco and electronic cigarette products and the company reported gross margin gains in Q2. Since Philip Morris is a deeply profitable tobacco franchise and is seeing positive growth momentum, the firm raised ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

There is plenty of room for this dividend to grow over the next decade.We have entered a new age of nicotine consumption. Led by Philip Morris International (PM 0.14%), consumers around the globe are turning from traditional cigarettes to safer ways to maintain their nicotine habits. The global tobacco giant is smartly cannibalizing its existing cash cow to position itself to dominate new markets in the coming decades.Reporting second-quarter earnings on July 23, Philip Morris showed strong growth yet again ...

The tobacco giant is replacing profits with new nicotine products.The last few years have seen a ton of disruption in the nicotine space. After decades of stable market share from cigarettes, cigars, and chewing tobacco, companies are innovating and changing the sector with new nicotine products that reduce tobacco-related health risks. One company is investing in both sides of the industry: Philip Morris International (PM 0.14%).The company is the owner of the international Marlboro brand. It has scooped u ...

The stock offers solid growth and sports an attractive dividend yield.One of my favorite stocks in the consumer staple space, Philip Morris International (PM 0.14%), just reported strong second-quarter results and raised its full-year guidance once again. The stock is up over 16% year to date and sports a nearly 5% yield.Let's take a look at the tobacco company's most recent results and why the stock still looks like an attractive investment option.Zyn continues to lead the wayZyn continues to help power Ph ...

Inok/iStock via Getty ImagesWe previously covered Philip Morris (NYSE:NYSE:PM) in May 2024, discussing why it remained a Buy for investors looking to buy the best of breed tobacco stock, with the Smoke-Free approaches already accretive to its top/ bottom-lines and long-term growth opportunities. Combined with the robust capital appreciation and dividend income prospects, with Seeking Alpha Quant still rating its dividend safety at B+, we believed that the stock's premium valuations over its peers and se ...

Baloncici Investment Thesis Historically, Philip Morris (NYSE:PM) has been synonymous with cigarettes and therefore chronic diseases like lung cancer and emphysema. Their major brands, including Marlboro, have been household names. However, the company's push towards smoke-free products in more recent years has marked a change in their business model to reduce the harm caused by smoking. As noted in their reports, the company is committed to becoming substantially smokeless by 2030, with smoke-free prod ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33708 Philip Morris International Inc. | --- | --- | --- | --- | |------------------------------------------|-- ...

Key TakeawaysPhilip Morris beat second-quarter profit and sales forecasts and boosted its full-year outlook on strong demand for its smokeless products.Sales of cans of its nicotine pouches jumped more than 50% on the strength of its Zyn brand.The company also posted gains in heated tobacco product shipments.Philip Morris shares rose to their highest level in more than two years after the earnings report Tuesday. Philip Morris International (PM) shares rose Tuesday to their highest level in more than two ye ...

Philip Morris International Inc. (PM) posted strong second-quarter 2024 results, with the top and bottom lines exceeding the Zacks Consensus Estimate and revenues increasing year over year. While the bottom line dipped marginally, it showed double-digit growth, excluding currency headwinds. Philip Morris continues to benefit from solid pricing and success in its smoke-free business, especially IQOS and ZYN. This Zacks Rank #2 (Buy) company expects to witness a robust second-half performance and raise its fu ...