AUS
NZ
UK
CA
USA
IND
Highlights
Philip Morris International Inc (NYSE:PM) and Bank of New York Mellon Corporation (NYSE:BK) on Tuesday posted strong third-quarter revenue and profits boosted by the steady economic recovery.
The PM stock traded at US$96.80, down 0.67%, while BK stock traded flat at US$57.41 at 8:24 am ET from their previous closing prices.
Here we explore their quarterly performance.
Also Read: PROG, ADMP stocks jump after FDA approval, patent rights
Philip Morris International Inc (NYSE:PM)
Philip Morris is a cigarette and tobacco manufacturing company based in New York.
The company's net revenue increased by 9.1% YoY to US$8.12 billion in Q3, FY21. Its operating income was US$3.45 billion, compared to US$3.24 billion in the same quarter of the previous year.
The firm's attributable net earnings came in at US$2.42 billion, or US$1.55 per diluted share, compared to US$2.30 billion, or US$1.48 per diluted share in the third quarter of fiscal 2020.
Also Read: FuelCell (FCEL), Peabody (BTU) stocks gain traction on upbeat outlook
The firm expects its full fiscal diluted EPS to be between US$5.77 and US$5.82, while on an adjusted basis, it is likely to be in the range of US$6.01 to US$6.06 per diluted share.
The firm has a market cap of US$151.87 billion, a P/E Ratio of 17.13, and a forward P/E one year of 16.11. Its EPS is US$5.69. The 52-week highest and lowest stock prices were US$106.51 and US$68.93, respectively. Its trading volume was 3,826,892 on October 18.
Also Read: Seven Robinhood stocks to explore this festive season
Also Read: Seven AAA-rated ESG firms: A look at how these stocks faring
The Bank of New York Mellon Corporation (NYSE:BK)
The Bank of New York Mellon is a corporate investment banking company based in New York.
Its total revenue was US$4.03 billion in Q3, FY21, representing an increase of 5% YoY. Its net income was US$943 million compared to US$944 million in the year-ago quarter.
The net income applicable to common shareholders was US$881 million, or US$1.04 per diluted share, compared to US$876 million, or US$0.98 per diluted share in Q3, FY20.
Also Read: From Netflix, Tesla to Intel - top stocks to watch this week
The bank’s Board of Directors authorized dividends on its common and preferred stocks, the company said on Tuesday. On common stock, it will pay a quarterly dividend of US$0.34, payable on November 12, 2021.
Its market cap is US$49.55 billion, the P/E ratio is 14.83, and the forward P/E one year is 13.90. Its EPS is US$3.87. The stock saw the highest price of US$57.99 and the lowest price of US$33.19 in the last 52 weeks. Its share volume on October 18 was 5,218,911.
Also Read: Facebook (FB) stock shrugs off recent losses, jumps 3% on Europe job plan
Bottomline
The PM stock surged 19.57% YTD, while BK stock rose 37.71% YTD. Analysts expect steady growth in the respective sectors due to growing demand. However, investors should evaluate the stocks carefully before investing.
