Wall Street analysts predict that Philip Morris International (NYSE:PM) will announce earnings per share of $1.25 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Philip Morris International’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.20. Philip Morris International posted earnings per share of $1.14 in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The firm is expected to report its next earnings results on Thursday, July 19th.
On average, analysts expect that Philip Morris International will report full year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.06 to $5.30. For the next fiscal year, analysts expect that the firm will post earnings of $5.69 per share, with EPS estimates ranging from $5.50 to $5.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Philip Morris International.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Goldman Sachs Group downgraded shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 20th. Deutsche Bank set a $100.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Tuesday, April 24th. ValuEngine downgraded shares of Philip Morris International from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, TheStreet downgraded shares of Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $116.86.
In other Philip Morris International news, Director Louis C. Camilleri sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $82.06, for a total transaction of $8,206,000.00. Following the completion of the sale, the director now directly owns 660,172 shares of the company’s stock, valued at $54,173,714.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Miroslaw Zielinski bought 6,000 shares of Philip Morris International stock in a transaction on Friday, April 27th. The shares were acquired at an average cost of $81.56 per share, with a total value of $489,360.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 49,000 shares of company stock worth $3,989,640. 0.22% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Howard Capital Management Inc. purchased a new stake in Philip Morris International during the first quarter valued at approximately $8,533,000. BDO Wealth Advisors LLC increased its holdings in Philip Morris International by 69.6% during the first quarter. BDO Wealth Advisors LLC now owns 2,457 shares of the company’s stock valued at $244,000 after buying an additional 1,008 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Philip Morris International by 8.4% during the first quarter. Summit Trail Advisors LLC now owns 15,641 shares of the company’s stock valued at $810,000 after buying an additional 1,218 shares during the last quarter. CIBC World Markets Inc. increased its holdings in Philip Morris International by 27.7% during the first quarter. CIBC World Markets Inc. now owns 152,648 shares of the company’s stock valued at $15,173,000 after buying an additional 33,099 shares during the last quarter. Finally, Financial Partners Capital Management LLC increased its holdings in Philip Morris International by 2.8% during the first quarter. Financial Partners Capital Management LLC now owns 25,929 shares of the company’s stock valued at $2,577,000 after buying an additional 717 shares during the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE PM traded down $0.09 during midday trading on Friday, hitting $81.61. The stock had a trading volume of 5,519,250 shares, compared to its average volume of 6,207,093. The company has a market cap of $124.16 billion, a PE ratio of 16.55, a P/E/G ratio of 1.57 and a beta of 0.88. Philip Morris International has a 52 week low of $79.40 and a 52 week high of $123.55. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.68 and a current ratio of 1.16.
About Philip Morris International
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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