Analysts Expect Philip Morris International Inc. (NYSE:PM) to Post $1.33 EPS

Wall Street brokerages expect Philip Morris International Inc. (NYSE:PM) to report earnings per share (EPS) of $1.33 for the current quarter, according to Zacks. Five analysts have made estimates for Philip Morris International’s earnings, with estimates ranging from $1.26 to $1.39. Philip Morris International reported earnings of $1.41 per share during the same quarter last year, which would suggest a negative year over year growth rate of 5.7%. The firm is scheduled to announce its next earnings results on Thursday, July 18th.

On average, analysts expect that Philip Morris International will report full year earnings of $5.14 per share for the current fiscal year, with EPS estimates ranging from $5.11 to $5.19. For the next financial year, analysts expect that the firm will report earnings of $5.58 per share, with EPS estimates ranging from $5.38 to $5.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Philip Morris International.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share.

A number of equities research analysts have recently weighed in on PM shares. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Thursday, February 14th. UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $86.00 to $101.00 in a report on Wednesday, February 27th. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Citigroup boosted their price objective on shares of Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Bank of America reissued a “sell” rating and set a $74.00 price objective on shares of Philip Morris International in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Philip Morris International presently has an average rating of “Hold” and an average price target of $92.57.

In other Philip Morris International news, VP Michael R. Kunst bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $84.67 per share, for a total transaction of $211,675.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Louis C. Camilleri sold 70,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total transaction of $5,847,800.00. The disclosure for this sale can be found here. Insiders have purchased 4,000 shares of company stock valued at $331,705 over the last 90 days. 0.21% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PM. Belpointe Asset Management LLC raised its position in shares of Philip Morris International by 41.7% during the 1st quarter. Belpointe Asset Management LLC now owns 14,340 shares of the company’s stock worth $1,268,000 after purchasing an additional 4,217 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth about $252,000. Columbia Asset Management raised its position in shares of Philip Morris International by 21.1% during the 1st quarter. Columbia Asset Management now owns 8,060 shares of the company’s stock worth $712,000 after purchasing an additional 1,407 shares during the last quarter. Ashburton Jersey Ltd raised its position in shares of Philip Morris International by 10.3% during the 1st quarter. Ashburton Jersey Ltd now owns 197,849 shares of the company’s stock worth $17,488,000 after purchasing an additional 18,520 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Philip Morris International by 2.2% during the 1st quarter. Advisory Services Network LLC now owns 47,123 shares of the company’s stock worth $4,165,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors own 73.52% of the company’s stock.

Shares of PM opened at $78.14 on Friday. The firm has a market cap of $120.53 billion, a PE ratio of 15.32, a P/E/G ratio of 1.85 and a beta of 0.97. Philip Morris International has a 1-year low of $64.67 and a 1-year high of $92.74.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be given a dividend of $1.14 per share. The ex-dividend date is Thursday, June 20th. This represents a $4.56 dividend on an annualized basis and a yield of 5.84%. Philip Morris International’s dividend payout ratio is presently 89.41%.

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.

Featured Story: Book Value Per Share – BVPS

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.