Todays Report: The Philip Morris International Inc. (PM) to Release Earnings on Tuesday

The Philip Morris International Inc. (PM) to Release Earnings on Tuesday

Philip Morris International Inc. (NYSE:PM) is scheduled to post its Q316 quarterly earnings results on Tuesday, October 18th. Analysts expect Philip Morris International to post earnings of $1.24 per share and revenue of $7.01 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by $0.05. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, analysts expect Philip Morris International to post $4.51 EPS for the current fiscal year and $4.93 EPS for the next fiscal year.

Shares of Philip Morris International Inc. (NYSE:PM) opened at 96.20 on Friday. Philip Morris International Inc. has a 12 month low of $83.27 and a 12 month high of $104.20. The company’s 50 day moving average price is $98.89 and its 200 day moving average price is $99.66. The company has a market capitalization of $149.24 billion, a P/E ratio of 23.01 and a beta of 0.95.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th were paid a $1.04 dividend. The ex-dividend date was Monday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.02. This represents a $4.16 annualized dividend and a dividend yield of 4.32%. Philip Morris International’s payout ratio is presently 99.52%.

Several analysts have issued reports on PM shares. Goldman Sachs Group Inc. restated a “buy” rating and issued a $116.00 target price (up from $114.00) on shares of Philip Morris International in a research note on Monday, October 3rd. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Wednesday, October 5th. Morgan Stanley reiterated an “overweight” rating and issued a $110.00 price target on shares of Philip Morris International in a research report on Tuesday, September 27th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 price target for the company in a research report on Monday, June 20th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and issued a $115.00 price target on shares of Philip Morris International in a research report on Thursday, September 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average target price of $104.82.

Several large investors have recently added to or reduced their stakes in PM. Quadrature Capital Ltd bought a new stake in Philip Morris International during the second quarter worth $27,569,000. GAM Holding AG raised its position in Philip Morris International by 0.8% in the second quarter. GAM Holding AG now owns 185,325 shares of the company’s stock worth $18,851,000 after buying an additional 1,536 shares during the last quarter. Crawford Investment Counsel Inc. raised its position in Philip Morris International by 7.4% in the second quarter. Crawford Investment Counsel Inc. now owns 159,423 shares of the company’s stock worth $16,217,000 after buying an additional 10,932 shares during the last quarter. Atlantic Trust Group LLC raised its position in Philip Morris International by 23.4% in the second quarter. Atlantic Trust Group LLC now owns 95,720 shares of the company’s stock worth $9,736,000 after buying an additional 18,135 shares during the last quarter. Finally, Montgomery Investment Management Inc. acquired a new position in Philip Morris International during the second quarter worth approximately $402,000. 71.22% of the stock is owned by institutional investors.

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