Equities research analysts expect Philip Morris International Inc. (NYSE:PM) to announce $6.91 billion in sales for the current quarter, Zacks reports. Two analysts have made estimates for Philip Morris International’s earnings, with estimates ranging from $6.75 billion to $7.07 billion. Philip Morris International reported sales of $6.06 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14%. The company is expected to issue its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Philip Morris International will report full-year sales of $6.91 billion for the current financial year, with estimates ranging from $31.68 billion to $32.45 billion. For the next year, analysts expect that the company will post sales of $34.62 billion per share, with estimates ranging from $32.74 billion to $35.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Philip Morris International.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the transaction, the chief executive officer now owns 792,765 shares in the company, valued at approximately $82,178,019.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the transaction, the insider now owns 189,199 shares of the company’s stock, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in PM. Pinnacle Financial Partners Inc. raised its holdings in Philip Morris International by 234.4% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 34,826 shares of the company’s stock worth $4,090,000 after purchasing an additional 24,413 shares during the last quarter. Rational Advisors LLC raised its holdings in Philip Morris International by 216.7% during the 2nd quarter. Rational Advisors LLC now owns 9,500 shares of the company’s stock worth $1,115,000 after purchasing an additional 6,500 shares during the last quarter. Savant Capital LLC raised its holdings in Philip Morris International by 0.6% during the 2nd quarter. Savant Capital LLC now owns 12,180 shares of the company’s stock worth $1,431,000 after purchasing an additional 73 shares during the last quarter. Dupont Capital Management Corp raised its holdings in Philip Morris International by 24.7% during the 2nd quarter. Dupont Capital Management Corp now owns 156,429 shares of the company’s stock worth $18,373,000 after purchasing an additional 31,005 shares during the last quarter. Finally, LMR Partners LLP raised its holdings in Philip Morris International by 274.0% during the 2nd quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock worth $2,512,000 after purchasing an additional 15,671 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.
Philip Morris International (NYSE:PM) traded down $2.59 on Friday, hitting $104.08. 4,410,000 shares of the stock were exchanged, compared to its average volume of 5,910,000. Philip Morris International has a one year low of $96.66 and a one year high of $123.55. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. The firm has a market cap of $161,660.00, a P/E ratio of 21.20, a P/E/G ratio of 1.99 and a beta of 0.85.
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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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