Zacks: Brokerages Anticipate Philip Morris International Inc. (NYSE:PM) to Announce $1.26 Earnings Per Share

Analysts forecast that Philip Morris International Inc. (NYSE:PMGet Rating) will report earnings of $1.26 per share for the current quarter, Zacks reports. Four analysts have made estimates for Philip Morris International’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.32. Philip Morris International reported earnings per share of $1.57 in the same quarter last year, which indicates a negative year-over-year growth rate of 19.7%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Philip Morris International will report full-year earnings of $5.53 per share for the current fiscal year, with EPS estimates ranging from $5.38 to $5.70. For the next financial year, analysts forecast that the firm will post earnings of $6.03 per share, with EPS estimates ranging from $5.79 to $6.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Philip Morris International.

Philip Morris International (NYSE:PMGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.48 by $0.08. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.43 billion. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS.

A number of equities analysts have issued reports on the company. Barclays lowered their target price on Philip Morris International from $125.00 to $120.00 in a report on Friday, February 25th. The Goldman Sachs Group cut Philip Morris International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $116.00 to $100.00 in a report on Tuesday, March 22nd. Morgan Stanley increased their target price on Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. UBS Group increased their target price on Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 17th. Finally, StockNews.com assumed coverage on Philip Morris International in a report on Thursday, March 31st. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Philip Morris International currently has an average rating of “Buy” and a consensus price target of $112.00.

PM stock traded up $1.06 during trading hours on Friday, reaching $104.43. 2,816,147 shares of the stock were exchanged, compared to its average volume of 5,078,267. The firm’s 50-day moving average is $97.78 and its 200-day moving average is $97.66. The company has a market cap of $161.88 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.65 and a beta of 0.67. Philip Morris International has a 12 month low of $85.64 and a 12 month high of $112.48.

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 4.79%. The ex-dividend date of this dividend was Wednesday, March 23rd. Philip Morris International’s payout ratio is 86.51%.

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

A number of institutional investors have recently bought and sold shares of the stock. Rockbridge Investment Management LCC raised its position in Philip Morris International by 3.5% in the 4th quarter. Rockbridge Investment Management LCC now owns 2,835 shares of the company’s stock worth $269,000 after purchasing an additional 95 shares during the period. WP Advisors LLC raised its position in Philip Morris International by 1.2% in the 4th quarter. WP Advisors LLC now owns 8,139 shares of the company’s stock worth $773,000 after purchasing an additional 97 shares during the period. Successful Portfolios LLC raised its position in Philip Morris International by 2.9% in the 4th quarter. Successful Portfolios LLC now owns 3,500 shares of the company’s stock worth $333,000 after purchasing an additional 100 shares during the period. Schmidt P J Investment Management Inc. raised its position in Philip Morris International by 1.4% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 7,094 shares of the company’s stock worth $730,000 after purchasing an additional 100 shares during the period. Finally, Norwood Financial Corp raised its position in Philip Morris International by 16.0% in the 1st quarter. Norwood Financial Corp now owns 726 shares of the company’s stock worth $68,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds 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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