$8.37 Billion in Sales Expected for Philip Morris International Inc. (PM) This Quarter

Brokerages expect that Philip Morris International Inc. (NYSE:PM) will announce $8.37 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Philip Morris International’s earnings. The lowest sales estimate is $8.36 billion and the highest is $8.39 billion. Philip Morris International reported sales of $6.97 billion during the same quarter last year, which would suggest a positive year over year growth rate of 20.1%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Philip Morris International will report full year sales of $8.37 billion for the current year, with estimates ranging from $28.24 billion to $28.84 billion. For the next year, analysts anticipate that the firm will report sales of $31.65 billion per share, with estimates ranging from $30.62 billion to $33.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Philip Morris International.

PM has been the subject of several research reports. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Friday, January 19th. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Bank of America reduced their price target on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Philip Morris International presently has an average rating of “Buy” and a consensus price target of $125.14.

Institutional investors have recently made changes to their positions in the business. Doliver Capital Advisors LP grew its stake in shares of Philip Morris International by 8.1% during the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after purchasing an additional 2,242 shares during the period. Hourglass Capital LLC grew its stake in shares of Philip Morris International by 0.9% during the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after purchasing an additional 650 shares during the period. WFG Advisors LP grew its stake in shares of Philip Morris International by 30.1% during the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after purchasing an additional 2,951 shares during the period. Wedbush Securities Inc. grew its stake in shares of Philip Morris International by 28.0% during the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after purchasing an additional 4,123 shares during the period. Finally, Swiss National Bank grew its stake in shares of Philip Morris International by 1.0% during the 3rd quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after purchasing an additional 58,900 shares during the period. Institutional investors own 72.38% of the company’s stock.

Shares of Philip Morris International (NYSE PM) opened at $100.33 on Wednesday. Philip Morris International has a 12-month low of $96.66 and a 12-month high of $123.55. The company has a market cap of $155,830.00, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.02 and a beta of 0.85. 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 also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.27%. Philip Morris International’s payout ratio is currently 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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