Philip Morris International (PM) Set to Announce Earnings on Thursday

Philip Morris International (NYSE:PMGet Rating) is scheduled to release its earnings data before the market opens on Thursday, April 21st. Analysts expect Philip Morris International to post earnings of $1.51 per share for the quarter. Philip Morris International has set its FY 2022 guidance at $6.120-$6.300 EPS and its FY22 guidance at 6.57-6.75 EPS.

Philip Morris International (NYSE:PMGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Philip Morris International had a negative return on equity of 106.51% and a net margin of 11.08%. The company had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect Philip Morris International to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NYSE:PM opened at $101.20 on Thursday. Philip Morris International has a one year low of $85.64 and a one year high of $112.48. The stock has a fifty day moving average of $99.48 and a 200-day moving average of $96.96. The company has a market capitalization of $156.87 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.78 and a beta of 0.77.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Thursday, March 24th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.94%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.76%.

A number of brokerages have recently commented on PM. Stifel Nicolaus cut their price objective on Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 25th. The Goldman Sachs Group lowered Philip Morris International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $116.00 to $100.00 in a report on Tuesday, March 22nd. UBS Group increased their target price on Philip Morris International from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, February 17th. Morgan Stanley reduced their target price on Philip Morris International from $115.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, March 25th. Finally, Barclays reduced their target price on Philip Morris International from $125.00 to $120.00 in a report on Friday, February 25th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Buy” and an average price target of $109.11.

In related news, insider Wilde Frederic De sold 29,941 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total transaction of $3,248,299.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in Philip Morris International by 0.3% during the second quarter. Morgan Stanley now owns 44,718,495 shares of the company’s stock valued at $4,432,049,000 after buying an additional 120,060 shares in the last quarter. Barclays PLC raised its holdings in Philip Morris International by 107.2% during the fourth quarter. Barclays PLC now owns 6,434,812 shares of the company’s stock valued at $611,309,000 after buying an additional 3,329,452 shares in the last quarter. Heritage Wealth Advisors raised its holdings in Philip Morris International by 0.4% during the fourth quarter. Heritage Wealth Advisors now owns 67,328 shares of the company’s stock valued at $6,396,000 after buying an additional 300 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Philip Morris International by 124.0% in the fourth quarter. NewEdge Advisors LLC now owns 63,180 shares of the company’s stock worth $6,003,000 after purchasing an additional 34,977 shares during the period. Finally, Toroso Investments LLC increased its stake in shares of Philip Morris International by 69.5% in the fourth quarter. Toroso Investments LLC now owns 39,535 shares of the company’s stock worth $3,756,000 after purchasing an additional 16,215 shares during the period. Institutional investors own 75.20% of the company’s stock.

About Philip Morris International (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, 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 Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

Further Reading

Earnings History for Philip Morris International (NYSE:PM)

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