Philip Morris International Inc (NYSE:PM) is scheduled to be releasing its earnings data before the market opens on Thursday, July 20th. Analysts expect Philip Morris International to post earnings of $1.23 per share for the quarter. Philip Morris International has set its FY17 guidance at $4.84-4.99 EPS.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by $0.05. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts expect Philip Morris International to post $4.90 EPS for the current fiscal year and $5.48 EPS for the next fiscal year.
Shares of Philip Morris International Inc (NYSE PM) opened at 119.00 on Tuesday. The stock’s 50 day moving average is $118.52 and its 200 day moving average is $107.63. The firm has a market cap of $184.82 billion, a PE ratio of 26.34 and a beta of 0.94. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s payout ratio is 92.04%.
A number of brokerages have commented on PM. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Tuesday, July 11th. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. BidaskClub cut Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Bank of America Corporation upped their price target on Philip Morris International from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, July 10th. Finally, Jefferies Group LLC upped their price target on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Buy” and an average target price of $118.29.
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Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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