Philip Morris International (PM) Updates FY 2018 Earnings Guidance

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.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Tuesday, September 25th. Philip Morris International’s payout ratio is 92.49%.

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.

See Also: Risk Tolerance and Your Investment Decisions

Earnings History and Estimates for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply