Philip Morris International (NYSE:PM) updated its FY 2019
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 5.16-5.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.21. Philip Morris International also updated its FY19 guidance to $5.30 EPS.
PM stock opened at $82.14 on Tuesday. The firm has a 50-day moving average price of $82.32 and a 200-day moving average price of $80.19. Philip Morris International has a 12 month low of $64.67 and a 12 month high of $92.74. The stock has a market capitalization of $128.52 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The business had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same period last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts forecast that Philip Morris International will post 5.22 EPS for the current fiscal year.
PM has been the subject of several analyst reports. Citigroup lowered Philip Morris International from a buy rating to a neutral rating and set a $90.00 target price for the company. in a research note on Monday. Stifel Nicolaus reissued a buy rating on shares of Philip Morris International in a research note on Tuesday, October 15th. Cowen restated a hold rating on shares of Philip Morris International in a report on Thursday, September 12th. Bank of America raised shares of Philip Morris International from a neutral rating to a buy rating and set a $96.00 price objective for the company in a research note on Tuesday, October 1st. Finally, Credit Suisse Group set a $80.00 price objective on shares of Philip Morris International and gave the stock a sell rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Philip Morris International currently has a consensus rating of Hold and a consensus target price of $92.27.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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