Philip Morris International (PM) Set to Announce Earnings on Wednesday

Philip Morris International (NYSE:PM) is expected to be releasing its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect Philip Morris International to post earnings of $2.30 per share and revenue of $11.32 billion for the quarter. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Investors are encouraged to explore the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 9:00 AM ET.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. Philip Morris International’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, analysts expect Philip Morris International to post $8.38 EPS for the current fiscal year and $9.19 EPS for the next fiscal year.

Philip Morris International Stock Down 2.0%

Shares of PM opened at $201.13 on Tuesday. The firm has a market capitalization of $313.48 billion, a PE ratio of 25.33, a P/E/G ratio of 2.63 and a beta of 0.34. The firm has a 50-day moving average price of $191.49 and a 200 day moving average price of $182.89. Philip Morris International has a 52-week low of $142.11 and a 52-week high of $210.45.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be given a dividend of $1.60 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date is Friday, October 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s payout ratio is presently 91.95%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Citigroup upped their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $207.00.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.