Philip Morris International Inc. (PM) Expected to Post Earnings of $1.36 Per Share

Equities analysts expect that Philip Morris International Inc. (NYSE:PM) will report earnings of $1.36 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Philip Morris International’s earnings. The lowest EPS estimate is $1.32 and the highest is $1.39. Philip Morris International posted earnings per share of $1.10 during the same quarter last year, which would indicate a positive year over year growth rate of 23.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Philip Morris International will report full-year earnings of $4.75 per share for the current financial year, with EPS estimates ranging from $4.71 to $4.78. For the next financial year, analysts expect that the company will report earnings of $5.32 per share, with EPS estimates ranging from $5.17 to $5.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS.

A number of research analysts recently weighed in on PM shares. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. Wells Fargo & Company reissued an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $114.00 target price on shares of Philip Morris International in a report on Friday, October 20th. Finally, Bank of America cut their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Philip Morris International has an average rating of “Hold” and an average target price of $124.23.

Philip Morris International (NYSE:PM) traded down $4.04 during trading on Friday, hitting $104.09. 4,812,374 shares of the stock traded hands, compared to its average volume of 4,167,796. The company has a market capitalization of $167,699.31, a PE ratio of 24.05, a P/E/G ratio of 2.18 and a beta of 0.90. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International has a 52-week low of $88.90 and a 52-week high of $123.55.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after purchasing an additional 2,972,929 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after acquiring an additional 2,421,533 shares in the last quarter. FMR LLC raised its holdings in shares of Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after acquiring an additional 2,330,864 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Philip Morris International by 2.9% in the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after acquiring an additional 210,869 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Philip Morris International by 6.1% in the second quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock valued at $816,852,000 after acquiring an additional 397,015 shares in the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

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About Philip Morris International

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

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