Wall Street brokerages expect Philip Morris International Inc. (NYSE:PM) to post sales of $7.34 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Philip Morris International’s earnings, with estimates ranging from $6.90 billion to $7.52 billion. Philip Morris International reported sales of $7.73 billion in the same quarter last year, which indicates a negative year over year growth rate of 5%. The company is expected to issue its next earnings report before the market opens on Thursday, July 18th.
According to Zacks, analysts expect that Philip Morris International will report full year sales of $29.38 billion for the current year, with estimates ranging from $28.64 billion to $29.79 billion. For the next fiscal year, analysts forecast that the firm will report sales of $30.70 billion, with estimates ranging from $29.79 billion to $31.68 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Philip Morris International.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share.
PM stock traded down $0.51 during trading hours on Thursday, hitting $79.10. The company’s stock had a trading volume of 2,530,663 shares, compared to its average volume of 5,416,434. The stock has a market cap of $123.48 billion, a P/E ratio of 15.51, a PEG ratio of 2.02 and a beta of 0.96. Philip Morris International has a 12 month low of $64.67 and a 12 month high of $92.74. The stock has a 50 day moving average of $79.52.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Thursday, June 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.
In related news, VP Michael R. Kunst acquired 500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $80.74 per share, with a total value of $40,370.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mario Masseroli sold 1,200 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $84.32, for a total transaction of $101,184.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 4,000 shares of company stock worth $331,705. 0.21% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $27,000. CX Institutional raised its position in shares of Philip Morris International by 432.1% in the 1st quarter. CX Institutional now owns 447 shares of the company’s stock valued at $40,000 after acquiring an additional 363 shares during the period. Shamrock Asset Management LLC raised its position in shares of Philip Morris International by 53.9% in the 1st quarter. Shamrock Asset Management LLC now owns 571 shares of the company’s stock valued at $50,000 after acquiring an additional 200 shares during the period. Claybrook Capital LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $39,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $40,000. Institutional investors own 73.50% of the company’s stock.
About Philip Morris International
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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