Philip Morris International (NYSE:PM) Issues Q3 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.200-2.25 for the period, compared to the consensus estimate of 2.430. The company issued revenue guidance of -.

Philip Morris International Stock Down 2.4%

Shares of NYSE:PM opened at $188.03 on Wednesday. Philip Morris International has a 52 week low of $142.11 and a 52 week high of $194.90. The company has a 50-day moving average price of $182.60 and a 200 day moving average price of $174.88. The company has a market cap of $293.06 billion, a P/E ratio of 26.45, a PEG ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.16. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.61 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Analysts expect that Philip Morris International will post 8.37 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s payout ratio is 82.70%.

Analyst Ratings Changes

A number of research analysts recently weighed in on PM shares. UBS Group upped their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. BTIG Research initiated coverage on shares of Philip Morris International in a report on Tuesday. They issued a “buy” rating and a $216.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $197.00.

Hedge Funds Weigh In On Philip Morris International

Institutional investors have recently made changes to their positions in the stock. Resurgent Financial Advisors LLC lifted its stake in Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after purchasing an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in Philip Morris International by 0.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after buying an additional 56 shares during the last quarter. Aristotle Capital Management LLC increased its position in Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after buying an additional 58 shares during the last quarter. Nia Impact Advisors LLC raised its stake in Philip Morris International by 4.2% in the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock valued at $287,000 after buying an additional 63 shares during the period. Finally, Sand Hill Global Advisors LLC raised its stake in Philip Morris International by 3.5% in the fourth quarter. Sand Hill Global Advisors LLC now owns 1,855 shares of the company’s stock valued at $298,000 after buying an additional 63 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.