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Philip Morris International Inc (NYSE:PM). has reached an all-time high, with its stock price soaring to $183.96, marking a significant milestone for the tobacco giant. With a substantial market capitalization of $285 billion and impressive gross profit margins of nearly 66%, the company maintains a strong market position. According to InvestingPro analysis, the stock is currently trading above its Fair Value. This peak reflects a remarkable 86.7% increase in the company’s stock value over the past year, showcasing strong investor confidence and robust financial performance. The surge to an all-time high comes amidst a challenging environment for the industry, with Philip Morris demonstrating resilience and strategic agility in navigating market dynamics. InvestingPro data reveals the company maintains a "GOOD" overall financial health score, with 18+ additional insights available to subscribers through comprehensive Pro Research Reports.
In other recent news, Philip Morris International Inc. has reaffirmed its 2025 profit forecast, projecting earnings per share (EPS) between $7.01 and $7.14, with currency-neutral growth of 10.5% to 12.5% compared to the previous year. This follows a presentation by CFO Emmanuel Babeau, who emphasized the company’s confidence in its smoke-free product strategy. BofA Securities has raised its price target for Philip Morris stock to $200, maintaining a Buy rating, citing the company’s smoke-free, multi-product strategy as a key growth driver. Meanwhile, UBS analysts have maintained a Neutral rating on the stock, with a price target of $170, as the company anticipates improvements in the U.S. market for its ZYN nicotine pouches.
Additionally, Philip Morris has expanded its IQOS product to a second pilot market in Fort Lauderdale, Florida, as part of its broader market entry strategy in the United States. The company aims for two-thirds of its sales to come from smoke-free products, highlighting the growing acceptance of these brands. At its Annual Meeting of Shareholders, Philip Morris announced the election of directors and the ratification of PricewaterhouseCoopers SA as independent auditors for the fiscal year 2025. Shareholders also approved the advisory vote on executive compensation, indicating strong support for the company’s executive pay structures. These developments reflect Philip Morris’s strategic focus on smoke-free products and its ongoing efforts to strengthen corporate governance.
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