$1.38 EPS Expected for Philip Morris International Inc (PM) This Quarter
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.
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.
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