Posted by admin on May 30th, 2022

Wall Street brokerages forecast that Philip Morris International Inc. (NYSE:PM – Get Rating) will announce $6.48 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Philip Morris International’s earnings, with the highest sales estimate coming in at $6.67 billion and the lowest estimate coming in at $6.25 billion. Philip Morris International reported sales of $7.59 billion during the same quarter last year, which would suggest a negative year over year growth rate of 14.6%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Philip Morris International will report full year sales of $28.98 billion for the current year, with estimates ranging from $28.10 billion to $30.18 billion. For the next year, analysts expect that the firm will post sales of $30.11 billion, with estimates ranging from $29.02 billion to $32.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Philip Morris International.

Philip Morris International (NYSE:PM – Get Rating) last issued its quarterly earnings data on Thursday, April 21st. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.08. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter last year, the firm earned $1.57 EPS. Philip Morris International’s quarterly revenue was up 2.1% on a year-over-year basis.

Several analysts have weighed in on PM shares. Stifel Nicolaus cut their target price on Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, March 25th. UBS Group lifted their target price on Philip Morris International from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 17th. Barclays dropped their price objective on Philip Morris International from $125.00 to $120.00 in a research note on Friday, February 25th. The Goldman Sachs Group downgraded Philip Morris International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $116.00 to $100.00 in a research note on Tuesday, March 22nd. Finally, StockNews.com initiated coverage on Philip Morris International in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Buy” and an average target price of $112.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bell Investment Advisors Inc purchased a new position in Philip Morris International in the third quarter valued at about $26,000. Tcwp LLC purchased a new position in Philip Morris International in the first quarter valued at about $26,000. Bivin & Associates Inc. purchased a new position in Philip Morris International in the fourth quarter valued at about $27,000. Sandy Cove Advisors LLC purchased a new position in Philip Morris International in the first quarter valued at about $28,000. Finally, American National Bank grew its stake in Philip Morris International by 89.1% in the first quarter. American National Bank now owns 312 shares of the company’s stock valued at $29,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 74.78% of the company’s stock.

Shares of PM opened at $106.97 on Monday. The firm has a market cap of $165.82 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 3.79 and a beta of 0.67. Philip Morris International has a 52 week low of $85.64 and a 52 week high of $112.48. The stock has a 50 day moving average of $100.33 and a 200-day moving average of $98.49.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Thursday, March 24th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Wednesday, March 23rd. Philip Morris International’s payout ratio is 86.51%.

Philip Morris International Company Profile (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

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