$8.35 Billion in Sales Expected for Philip Morris International Inc. (PM) This Quarter

Wall Street analysts expect that Philip Morris International Inc. (NYSE:PM) will announce sales of $8.35 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Philip Morris International’s earnings, with the lowest sales estimate coming in at $8.34 billion and the highest estimate coming in at $8.36 billion. Philip Morris International reported sales of $6.97 billion in the same quarter last year, which would suggest a positive year over year growth rate of 19.8%. The company is expected to announce its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Philip Morris International will report full-year sales of $8.35 billion for the current financial year, with estimates ranging from $28.32 billion to $28.81 billion. For the next year, analysts anticipate that the business will report sales of $31.27 billion per share, with estimates ranging from $30.27 billion to $32.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Philip Morris International.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the business earned $1.25 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Cowen reissued a “buy” rating and set a $135.00 price target on shares of Philip Morris International in a report on Tuesday, August 22nd. Jefferies Group reissued a “hold” rating and set a $120.00 price target (down previously from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Piper Jaffray Companies set a $135.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Sunday, October 15th. Wells Fargo & Company restated an “outperform” rating and issued a $140.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Goldman Sachs Group upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Philip Morris International has an average rating of “Hold” and an average price target of $124.23.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Guidant Wealth Advisors raised its position in shares of Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Philip Morris International by 6,572.3% during the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after purchasing an additional 100,228 shares during the last quarter. Vantage Investment Advisors LLC raised its position in shares of Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. Acropolis Investment Management LLC raised its position in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. raised its position in shares of Philip Morris International by 399.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares during the last quarter. Institutional investors own 72.35% of the company’s stock.

Philip Morris International (NYSE:PM) traded down $1.71 during midday trading on Tuesday, hitting $107.97. The company had a trading volume of 4,541,600 shares, compared to its average volume of 4,166,963. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International has a 52-week low of $88.90 and a 52-week high of $123.55. The stock has a market capitalization of $170,355.30, a price-to-earnings ratio of 24.43, a P/E/G ratio of 2.22 and a beta of 0.90.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.96%. Philip Morris International’s payout ratio is 94.48%.

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

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