Zacks: Brokerages Expect Philip Morris International Inc. (PM) to Post $1.36 Earnings Per Share

Equities analysts expect Philip Morris International Inc. (NYSE:PM) to report earnings per share of $1.36 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Philip Morris International’s earnings, with estimates ranging from $1.32 to $1.39. Philip Morris International posted earnings per share of $1.10 during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.6%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 8th.

On average, analysts expect that Philip Morris International will report full-year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.71 to $4.78. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.31 per share, with EPS estimates ranging from $5.17 to $5.54. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Philip Morris International.

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

Several analysts have commented on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $137.00 target price (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Citigroup dropped their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Group restated a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a report on Thursday, September 28th. Cowen restated a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Finally, Goldman Sachs Group assumed coverage on shares of Philip Morris International in a report on Monday, October 2nd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $125.31.

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 value of $11,811,144.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in PM. Guidant Wealth Advisors grew its stake in shares of Philip Morris International by 25.5% in the second 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. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 6,572.3% in the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after buying an additional 100,228 shares in the last quarter. Vantage Investment Advisors LLC grew its stake in shares of Philip Morris International by 1.0% in the second 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. Acropolis Investment Management LLC grew its stake in shares of Philip Morris International by 0.5% in the second 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. Finally, Financial Engines Advisors L.L.C. grew its stake in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after buying an additional 962 shares in the last quarter. 72.35% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International (NYSE:PM) traded up $3.85 during mid-day trading on Friday, reaching $108.92. 5,820,000 shares of the company’s stock traded hands, compared to its average volume of 4,500,000. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The firm has a market cap of $169,170.00, a P/E ratio of 24.04, a P/E/G ratio of 1.91 and a beta of 0.89. Philip Morris International has a 52-week low of $93.23 and a 52-week high of $123.55.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 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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