Philip Morris International Inc. (PM) Releases FY13 Earnings Guidance
Philip Morris International Inc. (NYSE:PM) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.35-5.40 for the period, compared to the Thomson Reuters consensus estimate of $5.43, AR Network reports.
Shares of Philip Morris International Inc. (NYSE:PM) opened at 86.09 on Thursday. Philip Morris International Inc. has a 1-year low of $82.10 and a 1-year high of $96.73. The stock has a 50-day moving average of $86. and a 200-day moving average of $89.84. The company has a market cap of $139.3 billion and a P/E ratio of 16.73.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.44 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.44. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Philip Morris International Inc. will post $5.43 EPS for the current fiscal year.
A number of analysts have recently weighed in on PM shares. Analysts at Nomura downgraded shares of Philip Morris International from a neutral rating to a reduce rating in a research note to investors on Thursday, October 10th. They now have a $76.00 price target on the stock. On a related note, analysts at TheStreet reiterated a hold rating on shares of Philip Morris International in a research note to investors on Tuesday, October 8th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $108.00 to $109.00 in a research note to investors on Thursday, October 3rd. They now have a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $94.88.
Philip Morris International Inc (NYSE:PM) is a holding company.
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