Philip Morris International Inc. (NYSE:PM) Expected to Announce Earnings of $1.33 Per Share

Share on StockTwits

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 has been the subject of a number of research reports. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Barclays raised Philip Morris International from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $67.00 to $82.00 in a research note on Thursday, May 23rd. Bank of America reaffirmed a “sell” rating and set a $74.00 price target on shares of Philip Morris International in a research note on Tuesday, March 26th. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Finally, Morgan Stanley increased their price target on Philip Morris International from $88.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Hold” and a consensus price target of $92.57.

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.

See Also: Tariff

Get a free copy of the Zacks research report on Philip Morris International (PM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Limestone Bancorp  vs. Centerstate Bank  Head to Head Analysis
Limestone Bancorp vs. Centerstate Bank Head to Head Analysis
Beasley Broadcast Group  & Spotify Technology  Head to Head Contrast
Beasley Broadcast Group & Spotify Technology Head to Head Contrast
Contrasting MacroGenics  & Prana Biotechnology
Contrasting MacroGenics & Prana Biotechnology
Contrasting Nexstar Media Group  & FOX
Contrasting Nexstar Media Group & FOX
Contrasting Superior Industries International  and Adomani
Contrasting Superior Industries International and Adomani
Renasant  & Sierra Bancorp  Head-To-Head Review
Renasant & Sierra Bancorp Head-To-Head Review


© 2006-2019 Ticker Report