Posted by admin on May 28th, 2022

Wall Street analysts expect Philip Morris International Inc. (NYSE:PM – Get Rating) to report earnings per share (EPS) of $1.22 for the current quarter, Zacks reports. Four analysts have issued estimates for Philip Morris International’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.25. Philip Morris International posted earnings per share of $1.57 during the same quarter last year, which indicates a negative year-over-year growth rate of 22.3%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Philip Morris International will report full-year earnings of $5.50 per share for the current fiscal year, with EPS estimates ranging from $5.32 to $5.70. For the next financial year, analysts forecast that the company will post earnings of $6.03 per share, with EPS estimates ranging from $5.65 to $6.27. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Philip Morris International.

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

PM has been the topic of several recent research reports. The Goldman Sachs Group lowered shares of Philip Morris International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $116.00 to $100.00 in a report on Tuesday, March 22nd. UBS Group boosted their price target on shares of Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 17th. Stifel Nicolaus cut their target price on shares of Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, March 25th. Barclays dropped their target price on shares of Philip Morris International from $125.00 to $120.00 in a report on Friday, February 25th. Finally, Bank of America upped their target price on Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $112.00.

PM stock traded down $1.10 during trading on Friday, reaching $106.97. The company had a trading volume of 6,977,116 shares, compared to its average volume of 6,396,440. The firm has a 50-day simple moving average of $100.33 and a 200-day simple moving average of $98.43. Philip Morris International has a twelve month low of $85.64 and a twelve month high of $112.48. The company has a market cap of $165.82 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.67.

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

Large investors have recently made changes to their positions in the stock. Bell Investment Advisors Inc purchased a new position in shares of Philip Morris International during the third quarter worth about $26,000. Tcwp LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at about $26,000. Bivin & Associates Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $27,000. Sandy Cove Advisors LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at about $28,000. Finally, American National Bank boosted its position in shares of Philip Morris International by 89.1% in the 1st quarter. American National Bank now owns 312 shares of the company’s stock valued at $29,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 74.78% of the company’s stock.

About Philip Morris International (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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