Philip Morris International (NYSE:PM) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Philip Morris International (NYSE:PM) announced its quarterly earnings data on Wednesday. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13, FiscalAI reports. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 EPS. Philip Morris International updated its FY 2026 guidance to 8.360-8.510 EPS and its Q2 2026 guidance to 2.020-2.070 EPS.

Philip Morris International Trading Up 5.2%

Shares of PM stock opened at $161.25 on Wednesday. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $191.30. The firm’s fifty day simple moving average is $170.57 and its 200 day simple moving average is $163.81. The firm has a market capitalization of $251.31 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.92 and a beta of 0.43.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International’s payout ratio is presently 80.88%.

Insider Activity at Philip Morris International

In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 164,463 shares of the company’s stock, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the sale, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Philip Morris International

Several hedge funds have recently added to or reduced their stakes in PM. Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new position in Philip Morris International during the third quarter valued at approximately $32,000. McIlrath & Eck LLC bought a new position in Philip Morris International in the second quarter valued at approximately $36,000. Swiss RE Ltd. acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $40,000. Finally, WFA of San Diego LLC bought a new position in shares of Philip Morris International in the second quarter valued at $41,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus cut their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Morgan Stanley cut 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. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, 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. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.56.

Trending Headlines about Philip Morris International

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

• Positive Sentiment: Q1 results topped expectations: adjusted EPS of $1.96 beat consensus and revenue of $10.15B exceeded estimates, signaling resilient demand. Investing.com: Philip Morris beats Q1 estimates
• Positive Sentiment: Smoke‑free product strength: management highlighted continued growth in IQOS and other smoke‑free offerings, supporting longer‑term revenue mix improvement. WSJ: Sales rise on smoke-free business growth
• Positive Sentiment: Regulatory win for IQOS: the product retains FDA modified‑risk authorization, preserving a strategic competitive advantage in reduced‑risk products. Zacks: IQOS retains FDA modified-risk authorization
• Neutral Sentiment: FY‑2026 EPS guidance roughly in line with street: company issued a 8.360–8.510 EPS range that tracks consensus (~8.37), so full‑year outlook is not a major surprise. FinancialPost: Q1 results and FY update
• Negative Sentiment: Near‑term EPS guidance missed Q2 consensus: management set Q2 EPS at 2.020–2.070 vs. consensus ~2.12, which markets view as a near‑term earnings shortfall. Company press release: Q1 results & guidance
• Negative Sentiment: Company cut its annual profit forecast amid competitive pressure and regulatory uncertainty (notably around Zyn nicotine pouches), which raises medium‑term margin concerns. Reuters: Philip Morris cuts annual profit forecast

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.