Philip Morris International (NYSE:PM) Updates FY 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 8.260-8.41 for the period, compared to the consensus earnings per share estimate of 8.400. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

PM has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday. Needham & Company LLC boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup increased their target price on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Performance

Shares of PM traded down $0.87 during mid-day trading on Friday, hitting $191.13. 5,442,157 shares of the company traded hands, compared to its average volume of 5,170,921. The stock has a 50-day moving average price of $183.34 and a two-hundred day moving average price of $176.67. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $207.76. The stock has a market cap of $297.90 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.40 and a beta of 0.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the company posted $1.89 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts forecast that Philip Morris International will post 8.33 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Philip Morris International in the third quarter worth approximately $32,000. McIlrath & Eck LLC purchased a new position in shares of Philip Morris International in the second quarter worth approximately $36,000. Swiss RE Ltd. bought a new stake in Philip Morris International during the fourth quarter valued at approximately $40,000. Finally, WFA of San Diego LLC bought a new stake in Philip Morris International during the second quarter valued at approximately $41,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.