Zacks: Analysts Anticipate Philip Morris International Inc. (NYSE:PM) Will Announce Earnings of $1.22 Per Share

Wall Street brokerages expect Philip Morris International Inc. (NYSE:PMGet Rating) to report $1.22 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Philip Morris International’s earnings, with the lowest EPS estimate coming in at $1.17 and the highest estimate coming in at $1.25. Philip Morris International reported earnings of $1.57 per share during the same quarter last year, which indicates a negative year over year growth rate of 22.3%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Philip Morris International will report full year earnings of $5.50 per share for the current fiscal year, with EPS estimates ranging from $5.32 to $5.70. For the next year, analysts expect that the firm will post earnings of $6.03 per share, with EPS estimates ranging from $5.65 to $6.27. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PMGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.08. Philip Morris International had a net margin of 10.97% and a negative return on equity of 110.49%. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the business posted $1.57 EPS. Philip Morris International’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Several brokerages recently commented on PM. The Goldman Sachs Group lowered shares of Philip Morris International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $116.00 to $100.00 in a report on Tuesday, March 22nd. Morgan Stanley raised their target price on shares of Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. JPMorgan Chase & Co. downgraded shares of Philip Morris International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $110.00 in a research note on Monday, March 7th. Barclays lowered their price objective on Philip Morris International from $125.00 to $120.00 in a research report on Friday, February 25th. Finally, UBS Group increased their price objective on shares of Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 17th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $112.00.

Philip Morris International stock traded down $1.10 during mid-day trading on Friday, hitting $106.97. The company had a trading volume of 6,977,116 shares, compared to its average volume of 6,396,440. The company has a market capitalization of $165.82 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 3.64 and a beta of 0.67. The company’s fifty day moving average is $100.33 and its 200-day moving average is $98.43. Philip Morris International has a 12-month low of $85.64 and a 12-month high of $112.48.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Thursday, March 24th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Wednesday, March 23rd. Philip Morris International’s dividend payout ratio (DPR) is 86.51%.

Several institutional investors have recently bought and sold shares of PM. Rockbridge Investment Management LCC raised its holdings in shares of Philip Morris International by 3.5% during the fourth quarter. Rockbridge Investment Management LCC now owns 2,835 shares of the company’s stock valued at $269,000 after acquiring an additional 95 shares during the period. WP Advisors LLC raised its stake in Philip Morris International by 1.2% during the 4th quarter. WP Advisors LLC now owns 8,139 shares of the company’s stock valued at $773,000 after purchasing an additional 97 shares during the period. Successful Portfolios LLC lifted its holdings in shares of Philip Morris International by 2.9% in the fourth quarter. Successful Portfolios LLC now owns 3,500 shares of the company’s stock valued at $333,000 after purchasing an additional 100 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its position in shares of Philip Morris International by 1.4% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 7,094 shares of the company’s stock worth $730,000 after buying an additional 100 shares during the period. Finally, Norwood Financial Corp grew its holdings in shares of Philip Morris International by 16.0% during the first quarter. Norwood Financial Corp now owns 726 shares of the company’s stock valued at $68,000 after buying an additional 100 shares in the last quarter. 74.78% of the stock is owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Philip Morris International (NYSE:PM)

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