Analysts expect that Philip Morris International Inc (NYSE:PM) will announce earnings of $1.38 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Philip Morris International’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.42. Philip Morris International reported earnings per share of $1.25 during the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The company is expected to issue its next earnings results on Tuesday, October 17th.

According to Zacks, analysts expect that Philip Morris International will report full year earnings of $4.85 per share for the current fiscal year, with EPS estimates ranging from $4.81 to $4.90. For the next fiscal year, analysts forecast that the company will report earnings of $5.51 per share, with EPS estimates ranging from $5.37 to $5.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Philip Morris International.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the firm posted $1.15 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis.

A number of brokerages recently weighed in on PM. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC raised their price objective on Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, May 22nd. Citigroup Inc. raised their price objective on Philip Morris International from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $122.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Philip Morris International during the fourth quarter valued at $106,000. Dodge & Cox bought a new position in shares of Philip Morris International during the fourth quarter valued at $1,821,000. Access Financial Services Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at $510,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at $235,000. Finally, SNS Financial Group LLC boosted its position in shares of Philip Morris International by 29.0% in the fourth quarter. SNS Financial Group LLC now owns 12,471 shares of the company’s stock valued at $1,141,000 after buying an additional 2,806 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.

TRADEMARK VIOLATION WARNING: “$1.38 EPS Expected for Philip Morris International Inc (PM) This Quarter” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/08/08/1-38-eps-expected-for-philip-morris-international-inc-pm-this-quarter.html.

Shares of Philip Morris International (NYSE PM) traded down 0.61% during mid-day trading on Tuesday, hitting $115.15. 354,265 shares of the stock were exchanged. The stock’s 50 day moving average is $118.90 and its 200 day moving average is $112.12. The firm has a market cap of $178.85 billion, a P/E ratio of 25.52 and a beta of 0.93. Philip Morris International has a 12 month low of $86.78 and a 12 month high of $123.55.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s payout ratio is 92.24%.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Get a free copy of the Zacks research report on Philip Morris International (PM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.