Philip Morris International (NYSE:PM) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.97-5.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.01. Philip Morris International also updated its FY18 guidance to $4.97-5.02 EPS.
NYSE:PM opened at $87.52 on Friday. The company has a market capitalization of $131.45 billion, a PE ratio of 17.75, a P/E/G ratio of 1.96 and a beta of 0.80. Philip Morris International has a 1 year low of $76.21 and a 1 year high of $111.86. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.16 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company earned $1.27 EPS. Research analysts expect that Philip Morris International will post 4.99 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on PM shares. Morgan Stanley lowered their price objective on Philip Morris International from $111.00 to $102.00 and set an overweight rating for the company in a research note on Tuesday, July 17th. ValuEngine raised Philip Morris International from a strong sell rating to a sell rating in a research note on Friday, September 21st. Jefferies Financial Group downgraded Philip Morris International from a buy rating to a hold rating and set a $80.00 price target on the stock. in a report on Friday, August 24th. Sanford C. Bernstein initiated coverage on Philip Morris International in a report on Tuesday. They issued an outperform rating and a $97.00 price target on the stock. Finally, Citigroup set a $90.00 price target on Philip Morris International and gave the stock a buy rating in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $98.36.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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