Wall Street brokerages expect Philip Morris International Inc. (NYSE:PM) to report $6.91 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Philip Morris International’s earnings, with estimates ranging from $6.75 billion to $7.07 billion. Philip Morris International posted sales of $6.06 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 14%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Philip Morris International will report full year sales of $6.91 billion for the current fiscal year, with estimates ranging from $31.68 billion to $32.45 billion. For the next financial year, analysts forecast that the company will post sales of $34.62 billion per share, with estimates ranging from $32.74 billion to $35.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Philip Morris International.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS.
In related news, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of the sale, the insider now owns 189,199 shares in the company, valued at approximately $19,795,891.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the sale, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewSquare Capital LLC grew its stake 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 period. Front Row Advisors LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $118,000. Vantage Investment Advisors LLC grew its stake 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 period. Wolverine Asset Management LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $126,000. Finally, Cerebellum GP LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $128,000. 72.33% of the stock is currently owned by institutional investors.
Shares of Philip Morris International (NYSE:PM) opened at $107.14 on Tuesday. The firm has a market cap of $166,410.00, a P/E ratio of 21.82, a PEG ratio of 2.03 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. Philip Morris International has a 12-month low of $96.66 and a 12-month high of $123.55.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be given a $1.07 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 3.99%. Philip Morris International’s dividend payout ratio (DPR) is 87.17%.
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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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