Philip Morris International (PM) Projected to Post Quarterly Earnings on Wednesday

Philip Morris International (NYSE:PM) will likely be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.61 per share and revenue of $9.10 billion for the quarter. Philip Morris International has set its FY 2025 guidance at 7.040-7.170 EPS and its Q1 2025 guidance at 1.580-1.630 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, analysts expect Philip Morris International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Philip Morris International Stock Performance

Shares of PM opened at $160.10 on Wednesday. The business’s fifty day moving average is $152.85 and its 200-day moving average is $135.16. The firm has a market cap of $249.20 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International has a 52-week low of $88.43 and a 52-week high of $163.08.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.37%. Philip Morris International’s payout ratio is currently 119.73%.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 in the last quarter. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Philip Morris International

A hedge fund recently raised its stake in Philip Morris International stock. Brighton Jones LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 31.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,531 shares of the company’s stock after buying an additional 2,023 shares during the quarter. Brighton Jones LLC’s holdings in Philip Morris International were worth $1,027,000 at the end of the most recent reporting period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Barclays upped their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus raised their price objective on shares of Philip Morris International from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.44.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.