Philip Morris International (PM) Releases FY18 Earnings Guidance

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Philip Morris International (NYSE:PM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.97-5.02 for the period, compared to the Thomson Reuters consensus estimate of $5.01. Philip Morris International also updated its FY 2018 guidance to $4.97-5.02 EPS.

Shares of PM opened at $88.83 on Friday. The stock has a market cap of $136.05 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.03 and a beta of 0.80. Philip Morris International has a 12 month low of $76.21 and a 12 month high of $111.25. The company has a debt-to-equity ratio of -2.83, a quick ratio of 0.64 and a current ratio of 1.19.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 18th. The company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.16. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. As a group, equities research analysts predict that Philip Morris International will post 5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date was Tuesday, September 25th. Philip Morris International’s dividend payout ratio is presently 92.49%.

A number of research analysts have commented on PM shares. Zacks Investment Research cut Philip Morris International from a hold rating to a sell rating in a research note on Monday, September 24th. ValuEngine upgraded Philip Morris International from a strong sell rating to a sell rating in a research note on Friday, September 21st. Jefferies Financial Group restated a buy rating and set a $93.00 price objective on shares of Philip Morris International in a research note on Friday, July 13th. Citigroup boosted their price objective on Philip Morris International from $90.00 to $95.00 and gave the stock a buy rating in a research note on Friday, September 21st. Finally, Piper Jaffray Companies set a $99.00 price objective on Philip Morris International and gave the stock a buy rating in a research note on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $98.36.

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

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