Philip Morris International (NYSE:PM) Releases FY 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 8.360-8.510 for the period, compared to the consensus EPS estimate of 8.370. The company issued revenue guidance of -. Philip Morris International also updated its Q2 2026 guidance to 2.020-2.070 EPS.

Philip Morris International Stock Performance

Philip Morris International stock opened at $163.95 on Thursday. The company’s 50 day simple moving average is $170.12 and its 200-day simple moving average is $163.81. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $191.30. The company has a market capitalization of $255.52 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.43.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter last year, the company posted $1.69 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. Equities analysts expect that Philip Morris International will post 8.36 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s payout ratio is 80.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Barclays restated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and lowered their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.56.

Insider Transactions at Philip Morris International

In related news, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the transaction, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. This represents a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by corporate insiders.

Key Stories Impacting Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Q1 beat on both EPS and revenue: adjusted EPS $1.96 vs. $1.83 consensus and revenue $10.15B vs. ~$9.95B; management highlighted strong organic growth in smoke‑free products (IQOS) which drove the upside. Q1 Results Press Release / Slide Deck
• Positive Sentiment: Earnings call highlighted “smoke‑free momentum” and execution in high‑margin IQOS markets — a key driver for long‑term margin expansion and revenue mix improvement. Earnings Call Highlights
• Positive Sentiment: Marketing/brand expansion: PMI expanded its Ducati Corse partnership to bring the ZYN nicotine‑pouch brand onto select MotoGP races, increasing global consumer visibility for ZYN. This supports commercialization efforts for its pouch business. Ducati Partnership / ZYN Promotion
• Neutral Sentiment: Some analysts note valuation concerns even with growth — a view that could cap multiple expansion despite solid fundamentals (rating/valuation discussion). Analyst Note: Growth at an Expensive Price
• Negative Sentiment: Management trimmed outlook: Q2 EPS guidance (2.020–2.070) came in below consensus (~2.12) and FY EPS range was modestly adjusted, reflecting uncertainty — the company explicitly cited heightened competition and regulatory uncertainty around nicotine pouches (ZYN). Reuters: Cuts Annual Profit Forecast

Institutional Investors Weigh In On Philip Morris International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in Philip Morris International by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,161,027 shares of the company’s stock worth $2,271,430,000 after acquiring an additional 1,569,685 shares during the period. Nomura Holdings Inc. increased its stake in Philip Morris International by 6,821.6% in the 3rd quarter. Nomura Holdings Inc. now owns 1,490,777 shares of the company’s stock valued at $241,804,000 after buying an additional 1,469,239 shares during the period. Federated Hermes Inc. raised its position in Philip Morris International by 35.8% during the 4th quarter. Federated Hermes Inc. now owns 3,851,091 shares of the company’s stock worth $617,715,000 after buying an additional 1,014,263 shares during the last quarter. Viking Global Investors LP lifted its stake in shares of Philip Morris International by 28.1% in the 3rd quarter. Viking Global Investors LP now owns 4,426,128 shares of the company’s stock worth $717,918,000 after acquiring an additional 971,942 shares during the period. Finally, Boston Partners boosted its holdings in shares of Philip Morris International by 12.7% in the third quarter. Boston Partners now owns 7,019,625 shares of the company’s stock valued at $1,136,402,000 after acquiring an additional 791,681 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.