Analysts expect Philip Morris International Inc. (NYSE:PM) to post $8.35 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Philip Morris International’s earnings. The lowest sales estimate is $8.34 billion and the highest is $8.36 billion. Philip Morris International posted sales of $6.97 billion during the same quarter last year, which would indicate a positive year over year growth rate of 19.8%. The business is expected to announce its next earnings results on Thursday, February 1st.
On average, analysts expect that Philip Morris International will report full-year sales of $8.35 billion for the current fiscal year, with estimates ranging from $28.32 billion to $28.81 billion. For the next year, analysts expect that the firm will post sales of $31.27 billion per share, with estimates ranging from $30.27 billion to $32.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Philip Morris International.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company earned $1.25 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis.
Several brokerages have weighed in on PM. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $130.00 price objective on shares of Philip Morris International in a research note on Sunday, October 22nd. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, September 28th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $124.23.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PM. Guidant Wealth Advisors lifted its holdings in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. NewSquare Capital LLC lifted its holdings in Philip Morris International by 6,572.3% in the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after buying an additional 100,228 shares during the period. Vantage Investment Advisors LLC lifted its holdings in Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares during the period. Acropolis Investment Management LLC lifted its holdings in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its holdings in Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after buying an additional 962 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International (PM) traded down $0.79 during trading hours on Friday, reaching $103.47. 4,170,000 shares of the company traded hands, compared to its average volume of 4,295,467. Philip Morris International has a 52-week low of $89.97 and a 52-week high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The firm has a market capitalization of $161,700.00, a price-to-earnings ratio of 22.84, a PEG ratio of 1.88 and a beta of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.14%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.
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About Philip Morris International
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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