Wall Street brokerages expect Philip Morris International Inc. (NYSE:PM) to announce earnings of $1.33 per share for the current quarter, Zacks reports. Five analysts have made estimates for Philip Morris International’s earnings. The highest EPS estimate is $1.39 and the lowest is $1.26. Philip Morris International reported earnings of $1.41 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The business is scheduled to report its next quarterly earnings report on Thursday, July 18th.
According to Zacks, analysts expect that Philip Morris International will report full year earnings of $5.14 per share for the current year, with EPS estimates ranging from $5.11 to $5.19. For the next financial year, analysts forecast that the company will post earnings of $5.58 per share, with EPS estimates ranging from $5.38 to $5.67. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Philip Morris International.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year.
PM stock traded up $0.97 on Friday, reaching $78.17. The company’s stock had a trading volume of 4,590,006 shares, compared to its average volume of 3,812,990. Philip Morris International has a 52 week low of $64.67 and a 52 week high of $92.74. The firm has a market capitalization of $121.62 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.
In related news, VP Michael R. Kunst acquired 500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $80.74 per share, for a total transaction of $40,370.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Louis C. Camilleri sold 70,000 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total value of $5,847,800.00. The disclosure for this sale can be found here. Insiders have bought a total of 4,000 shares of company stock valued at $331,705 in the last quarter. Insiders own 0.21% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at approximately $252,000. Columbia Asset Management lifted its position in Philip Morris International by 21.1% in the 1st quarter. Columbia Asset Management now owns 8,060 shares of the company’s stock valued at $712,000 after acquiring an additional 1,407 shares in the last quarter. Ashburton Jersey Ltd lifted its position in Philip Morris International by 10.3% in the 1st quarter. Ashburton Jersey Ltd now owns 197,849 shares of the company’s stock valued at $17,488,000 after acquiring an additional 18,520 shares in the last quarter. Advisory Services Network LLC lifted its position in Philip Morris International by 2.2% in the 1st quarter. Advisory Services Network LLC now owns 47,123 shares of the company’s stock valued at $4,165,000 after acquiring an additional 1,022 shares in the last quarter. Finally, M Holdings Securities Inc. lifted its position in Philip Morris International by 9.4% in the 1st quarter. M Holdings Securities Inc. now owns 11,281 shares of the company’s stock valued at $997,000 after acquiring an additional 973 shares in the last quarter. Institutional investors own 73.51% of the company’s stock.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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