Philip Morris International (NYSE:PM) is set to release its earnings data before the market opens on Thursday, April 18th. Analysts expect Philip Morris International to post earnings of $1.01 per share for the quarter. Philip Morris International has set its FY19 guidance at at least $5.37 EPS and its FY 2019 guidance at $5.37 EPS.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 7th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.46 billion. During the same period last year, the business posted $1.32 EPS. Philip Morris International’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, analysts expect Philip Morris International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Philip Morris International stock opened at $86.19 on Tuesday. Philip Morris International has a 12 month low of $64.67 and a 12 month high of $103.55. The stock has a market cap of $133.04 billion, a P/E ratio of 16.90, a PEG ratio of 1.89 and a beta of 0.95.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is 89.41%.
A number of brokerages recently commented on PM. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley raised their target price on Philip Morris International from $88.00 to $94.00 and gave the company an “overweight” rating in a report on Monday. Bank of America restated a “sell” rating and set a $74.00 target price on shares of Philip Morris International in a report on Tuesday, March 26th. Finally, Citigroup raised their target price on Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, March 25th. Three investment 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. The company has a consensus rating of “Hold” and an average price target of $92.43.
In other news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the transaction, the chief executive officer now owns 844,901 shares in the company, valued at approximately $71,613,808.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.
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About Philip Morris International
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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