Zacks: Analysts Expect Philip Morris International Inc. (NYSE:PM) to Post $1.27 Earnings Per Share

Wall Street brokerages expect Philip Morris International Inc. (NYSE:PM) to announce earnings per share (EPS) of $1.27 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Philip Morris International’s earnings, with estimates ranging from $1.20 to $1.36. Philip Morris International reported earnings of $1.25 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is expected to report its next earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Philip Morris International will report full year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $5.18 to $5.30. For the next financial year, analysts forecast that the firm will post earnings of $5.62 per share, with EPS estimates ranging from $5.52 to $5.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Philip Morris International.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.65 billion. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. Philip Morris International’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share.

PM has been the topic of several recent analyst reports. Cowen reissued a “hold” rating on shares of Philip Morris International in a research report on Thursday, September 12th. Credit Suisse Group set a $80.00 price target on Philip Morris International and gave the company a “sell” rating in a research report on Wednesday, August 28th. Stifel Nicolaus reissued a “buy” rating on shares of Philip Morris International in a research report on Tuesday, October 15th. Bank of America raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, October 1st. Finally, Citigroup dropped their price target on Philip Morris International from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $92.27.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bath Savings Trust Co lifted its position in shares of Philip Morris International by 7.8% during the 2nd quarter. Bath Savings Trust Co now owns 4,706 shares of the company’s stock worth $369,000 after purchasing an additional 342 shares during the last quarter. Thomasville National Bank lifted its position in shares of Philip Morris International by 3.3% during the 2nd quarter. Thomasville National Bank now owns 26,808 shares of the company’s stock worth $2,105,000 after purchasing an additional 847 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Philip Morris International by 2.4% during the 2nd quarter. Fulton Bank N.A. now owns 49,700 shares of the company’s stock worth $3,903,000 after purchasing an additional 1,169 shares during the last quarter. Flossbach von Storch AG Zurich lifted its position in shares of Philip Morris International by 4.8% during the 2nd quarter. Flossbach von Storch AG Zurich now owns 112,650 shares of the company’s stock worth $8,846,000 after purchasing an additional 5,125 shares during the last quarter. Finally, Cooper Financial Group lifted its position in shares of Philip Morris International by 48.8% during the 2nd quarter. Cooper Financial Group now owns 4,380 shares of the company’s stock worth $344,000 after purchasing an additional 1,437 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Shares of Philip Morris International stock traded down $1.14 on Friday, reaching $83.65. 132,759 shares of the company were exchanged, compared to its average volume of 4,070,703. The stock has a fifty day moving average price of $80.79 and a 200-day moving average price of $80.33. The firm has a market capitalization of $131.92 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00. Philip Morris International has a fifty-two week low of $64.67 and a fifty-two week high of $92.74.

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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