Philip Morris International (NYSE:PM) Issues Q3 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.200-2.25 for the period, compared to the consensus earnings per share estimate of 2.430. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

PM has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. UBS Group increased their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. BTIG Research began coverage on shares of Philip Morris International in a report on Tuesday. They issued a “buy” rating and a $216.00 price target for the company. Finally, Morgan Stanley upped their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.00.

Philip Morris International Stock Down 2.4%

Philip Morris International stock opened at $188.03 on Wednesday. The company has a 50 day moving average of $182.60 and a 200-day moving average of $174.88. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $194.90. The stock has a market capitalization of $293.06 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.04 by $0.16. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.61 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts anticipate that Philip Morris International will post 8.37 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

Philip Morris International News Summary

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris posted second-quarter adjusted EPS of $2.20, ahead of the $2.04 consensus, and revenue of $11.19 billion versus $10.61 billion expected, signaling solid operational execution. Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;
• Positive Sentiment: The company said international business growth and the U.S. Zyn portfolio boosted sales, suggesting continued momentum in smoke-free and next-generation products. Philip Morris Sales Boosted by Growth in International Business
• Positive Sentiment: Management updated third-quarter guidance to EPS of $2.20 to $2.25, reinforcing confidence in near-term earnings power and dividend support. Philip Morris (PM) Q2 Earnings: What To Expect
• Neutral Sentiment: Some commentary focused on whether Philip Morris can sustain its dividend momentum, which is important for income investors but does not directly change the company’s operating outlook. Can Philip Morris International (NYSE:PM) Sustain Its Dividend Momentum?
• Neutral Sentiment: One market note said the stock underperformed peers on Tuesday, but this appears to be a relative trading comment rather than a new fundamental development. Philip Morris International Inc. stock underperforms Tuesday when compared to competitors
• Negative Sentiment: Although the quarter beat expectations, reported diluted EPS fell 7.7% to $1.80, and the third-quarter guide came in below the market’s EPS estimate, which could weigh on sentiment. Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PM. Compound Planning Inc. boosted its stake in shares of Philip Morris International by 18.6% during the 4th quarter. Compound Planning Inc. now owns 18,066 shares of the company’s stock worth $2,898,000 after buying an additional 2,830 shares during the last quarter. TMB Capital Partners LLC bought a new stake in Philip Morris International during the fourth quarter worth about $288,000. Axxcess Wealth Management LLC raised its holdings in Philip Morris International by 3.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 32,811 shares of the company’s stock worth $5,263,000 after acquiring an additional 1,186 shares in the last quarter. Corient Private Wealth LLC boosted its position in Philip Morris International by 13.8% during the fourth quarter. Corient Private Wealth LLC now owns 592,394 shares of the company’s stock valued at $95,020,000 after purchasing an additional 71,996 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its position in Philip Morris International by 36.7% during the fourth quarter. Ameriflex Group Inc. now owns 4,325 shares of the company’s stock valued at $694,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors and hedge funds 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.