Zacks: Brokerages Anticipate Philip Morris International Inc. (PM) Will Post Quarterly Sales of $8.35 Billion

Equities research analysts expect Philip Morris International Inc. (NYSE:PM) to announce $8.35 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Philip Morris International’s earnings. The lowest sales estimate is $8.34 billion and the highest is $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 firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Philip Morris International will report full year sales of $8.35 billion for the current fiscal year, with estimates ranging from $28.32 billion to $28.81 billion. For the next financial year, analysts anticipate that the business will post 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 sell-side research analysts that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.

Several research firms have recently commented on PM. Citigroup dropped their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. Jefferies Group reissued a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Thursday, September 28th. Piper Jaffray Companies reissued an “overweight” rating and set a $137.00 price target (up from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Cowen reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Goldman Sachs Group started coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They set a “buy” rating for the company. One 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 an average price target of $125.31.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Guidant Wealth Advisors lifted its holdings 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 purchasing an additional 191 shares in the last quarter. NewSquare Capital LLC raised its holdings 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 acquiring an additional 100,228 shares during the period. Vantage Investment Advisors LLC raised its holdings 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 acquiring an additional 10 shares during the period. Acropolis Investment Management LLC raised its holdings 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 acquiring an additional 5 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its holdings 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 acquiring an additional 962 shares during the period. 72.35% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International (PM) opened at $108.92 on Friday. Philip Morris International has a 12-month low of $94.07 and a 12-month high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The company has a market cap of $169,170.00, a PE ratio of 24.04, a PEG ratio of 1.90 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

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About Philip Morris International

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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