January 27, 2024

Ron Finklestien

Tobacco Sector Earnings Report Sparks Investor Interest Tobacco Sector Earnings Report Sparks Investor Interest

Tobacco

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Earnings season is here for the tobacco sector. Altria (NYSE:MO) is in the leadoff position with its Q4 earnings report due out on February 1, while Philip Morris International (NYSE:PM) will spill numbers on February 8. Altria (MOPM

Is it Time for a Turnaround?

Despite some of eye-opening headlines, Wall Street analysts are very positive on the setup for investors in the broad tobacco sector. The list of names with consensus Buy ratings includes Vector Group (VGR), Philip Morris International (PM), Turning Point Brands (TPB), British American Tobacco (BTI), Altria (MO), RLX Technology (RLX), and 22nd Century Group (XXII). The tobacco sector stock with the highest Seeking Alpha Quant Rating is Imperial Brands PLC (OTCQX:IMBBY) (OTCQX:IMBBF). In terms of diversification, Philip Morris (PM) is considered one of the strongest players in smoke-free products, and the company’s investments are expected to start paying off. Of course, for dividend investors, the tobacco sector is a feast. Some of the juicy yields for new buyers includes British American Tobacco (BTI) at 9.69%, Altria (MO) at 9.55%, and Vector Group (VGR) at 7.35%.



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