Posted by admin on Apr 19th, 2022

Equities analysts expect Philip Morris International Inc. (NYSE:PM – Get Rating) to announce earnings of $1.48 per share for the current quarter, according to Zacks. Four analysts have made estimates for Philip Morris International’s earnings, with the highest EPS estimate coming in at $1.50 and the lowest estimate coming in at $1.45. Philip Morris International posted earnings of $1.57 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 5.7%. The business is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Philip Morris International will report full year earnings of $5.77 per share for the current financial year, with EPS estimates ranging from $5.46 to $6.12. For the next fiscal year, analysts expect that the firm will post earnings of $6.33 per share, with EPS estimates ranging from $5.79 to $6.63. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PM – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 106.51% and a net margin of 11.08%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS.

PM has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $110.00 in a research note on Monday, March 7th. Stifel Nicolaus dropped their price objective 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. Finally, Morgan Stanley dropped their price target on Philip Morris International from $115.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, March 25th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $109.11.

In other news, insider Wilde Frederic De sold 29,941 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total value of $3,248,299.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital World Investors grew its holdings in Philip Morris International by 2.7% during the third quarter. Capital World Investors now owns 82,760,572 shares of the company’s stock worth $7,844,875,000 after purchasing an additional 2,152,766 shares during the period. Zacks Investment Management grew its holdings in Philip Morris International by 3.0% during the third quarter. Zacks Investment Management now owns 621,711 shares of the company’s stock worth $58,932,000 after purchasing an additional 18,236 shares during the period. Gilbert & Cook Inc. grew its holdings in Philip Morris International by 562.1% during the fourth quarter. Gilbert & Cook Inc. now owns 13,759 shares of the company’s stock worth $1,307,000 after purchasing an additional 11,681 shares during the period. Thrivent Financial for Lutherans grew its holdings in Philip Morris International by 1.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,941,993 shares of the company’s stock worth $184,118,000 after purchasing an additional 22,364 shares during the period. Finally, American Century Companies Inc. grew its holdings in Philip Morris International by 395.3% during the third quarter. American Century Companies Inc. now owns 19,613 shares of the company’s stock worth $1,859,000 after purchasing an additional 15,653 shares during the period. Institutional investors own 75.20% of the company’s stock.

Shares of Philip Morris International stock opened at $101.05 on Friday. The company has a market capitalization of $156.64 billion, a PE ratio of 17.33, a PEG ratio of 2.88 and a beta of 0.77. Philip Morris International has a 12 month low of $85.64 and a 12 month high of $112.48. The stock’s fifty day simple moving average is $99.36 and its 200 day simple moving average is $97.01.

The business also recently disclosed 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 4.95%. The ex-dividend date was Wednesday, March 23rd. Philip Morris International’s payout ratio is 85.76%.

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.

Get a free copy of the Zacks research report on Philip Morris International (PM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Astria Therapeutics, Inc. (NASDAQ:ATXS) Short Interest Down 20.0% in March

PageGroup (OTCMKTS:MPGPF) Stock Rating Upgraded by Zacks Investment Research