Brokerages Anticipate Philip Morris International Inc (PM) to Announce $1.39 EPS
Brokerages expect Philip Morris International Inc (NYSE:PM) to announce earnings per share (EPS) of $1.39 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Philip Morris International’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.42. Philip Morris International reported earnings per share of $1.25 in the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The business is expected to announce its next earnings report before the market opens on Thursday, October 19th.
On average, 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 $4.93. For the next fiscal year, analysts expect that the firm will post earnings of $5.50 per share, with EPS estimates ranging from $5.37 to $5.70. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Philip Morris International.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share.
A number of research firms recently issued reports on PM. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 target price on shares of Philip Morris International in a report on Tuesday, June 20th. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price for the company. in a report on Monday, June 19th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $134.00 price target on shares of Philip Morris International in a research note on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International has an average rating of “Buy” and an average target price of $122.79.
Philip Morris International (NYSE PM) opened at 116.86 on Thursday. The company has a market capitalization of $181.51 billion, a price-to-earnings ratio of 25.89 and a beta of 0.94. The stock has a 50 day moving average price of $116.34 and a 200 day moving average price of $115.49. Philip Morris International has a 52-week low of $86.78 and a 52-week high of $123.55.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. This represents a $4.28 annualized dividend and a dividend yield of 3.66%. Philip Morris International’s payout ratio is 92.24%.
In other news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Guidant Wealth Advisors lifted its stake in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares in the last quarter. Welch Investments LLC purchased a new stake in Philip Morris International in the 1st quarter valued at approximately $113,000. American Beacon Advisors Inc. purchased a new stake in Philip Morris International in the 1st quarter valued at approximately $114,000. Vantage Investment Advisors LLC lifted its stake in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its stake in Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares in the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.
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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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