Philip Morris International (NYSE:PM) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $4.97-5.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.01. Philip Morris International also updated its FY18 guidance to $4.97-5.02 EPS.
PM has been the topic of a number of research reports. Citigroup set a $100.00 price objective on Philip Morris International and gave the company a buy rating in a report on Friday. ValuEngine raised Philip Morris International from a strong sell rating to a sell rating in a report on Monday, July 30th. Zacks Investment Research lowered Philip Morris International from a hold rating to a sell rating in a report on Monday, September 24th. Piper Jaffray Companies set a $99.00 price objective on Philip Morris International and gave the company a buy rating in a report on Wednesday, October 10th. Finally, Stifel Nicolaus cut their price objective on Philip Morris International from $100.00 to $93.00 and set a buy rating on the stock in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Philip Morris International currently has a consensus rating of Hold and a consensus target price of $98.36.
Shares of PM opened at $88.83 on Friday. Philip Morris International has a 52 week low of $76.21 and a 52 week high of $111.25. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of -2.83. The stock has a market capitalization of $136.05 billion, a PE ratio of 16.96, a P/E/G ratio of 2.03 and a beta of 0.80.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were paid a $1.14 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s payout ratio is 92.49%.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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