Wall Street analysts predict that Philip Morris International Inc (NYSE:PM) will announce $1.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Philip Morris International’s earnings. The lowest EPS estimate is $1.20 and the highest is $1.27. Philip Morris International reported earnings of $1.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 7%. The firm is scheduled to report its next earnings report before the market opens on Thursday, July 20th.
On average, analysts expect that Philip Morris International will report full-year earnings of $4.90 per share for the current financial year, with EPS estimates ranging from $4.85 to $4.99. For the next financial year, analysts forecast that the firm will report earnings of $5.55 per share, with EPS estimates ranging from $5.41 to $5.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Philip Morris International.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Philip Morris International had a net margin of 9.40% and a negative return on equity of 65.44%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share.
A number of equities research analysts recently weighed in on PM shares. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, July 11th. Bank of America Corporation lifted their price objective on shares of Philip Morris International from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, July 10th. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Vetr raised shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Monday, June 26th. Finally, Berenberg Bank set a $96.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $118.29.
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Institutional investors have recently bought and sold shares of the stock. Acropolis Investment Management LLC raised its position in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares during the period. Hudock Capital Group LLC increased its position in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares during the period. Newman Dignan & Sheerar Inc. increased its position in Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock valued at $669,000 after buying an additional 20 shares during the period. Argent Capital Management LLC increased its position in Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after buying an additional 20 shares during the period. Finally, Quotient Investors LLC increased its position in Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.
Philip Morris International (NYSE:PM) opened at 119.64 on Wednesday. The stock’s 50 day moving average is $119.60 and its 200-day moving average is $110.25. The stock has a market capitalization of $185.82 billion, a price-to-earnings ratio of 26.48 and a beta of 0.94. Philip Morris International has a 52-week low of $86.78 and a 52-week high of $123.55.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were given a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.48%. Philip Morris International’s dividend payout ratio (DPR) is 92.04%.
About Philip Morris International
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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