Philip Morris International (PM) to Release Earnings on Thursday

Philip Morris International (NYSE:PM) will release its earnings data before the market opens on Thursday, April 18th. Analysts expect Philip Morris International to post earnings of $1.01 per share for the quarter. Philip Morris International has set its FY19 guidance at at least $5.37 EPS and its FY 2019 guidance at $5.37 EPS.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 7th. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.46 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, analysts expect Philip Morris International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NYSE:PM opened at $86.19 on Tuesday. Philip Morris International has a 1 year low of $64.67 and a 1 year high of $103.55. The company has a market cap of $133.04 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were given a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.29%. Philip Morris International’s dividend payout ratio (DPR) is 89.41%.

A number of brokerages have recently issued reports on PM. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, April 4th. Morgan Stanley decreased their target price on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. ValuEngine lowered Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Jefferies Financial Group reiterated a “hold” rating and set a $80.00 target price on shares of Philip Morris International in a research report on Sunday, February 10th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $110.00 target price (down previously from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Philip Morris International presently has a consensus rating of “Hold” and an average target price of $92.43.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total value of $4,238,000.00. Following the transaction, the chief executive officer now owns 844,901 shares in the company, valued at approximately $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and 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 Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Earnings History for Philip Morris International (NYSE:PM)

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