$6.72 Billion in Sales Expected for Philip Morris International Inc. (PM) This Quarter

Wall Street analysts forecast that Philip Morris International Inc. (NYSE:PM) will announce sales of $6.72 billion for the current quarter, Zacks reports. Two analysts have issued estimates for Philip Morris International’s earnings, with the highest sales estimate coming in at $6.79 billion and the lowest estimate coming in at $6.65 billion. Philip Morris International reported sales of $6.06 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.9%. The company is expected to issue its next earnings results on Thursday, April 19th.

On average, analysts expect that Philip Morris International will report full-year sales of $6.72 billion for the current fiscal year, with estimates ranging from $31.01 billion to $33.52 billion. For the next fiscal year, analysts anticipate that the business will post sales of $34.80 billion per share, with estimates ranging from $32.74 billion to $37.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year.

Several equities analysts have recently issued reports on PM shares. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the company a “buy” rating in a research report on Thursday, November 16th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Morgan Stanley lifted their price target on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, Bank of America lowered their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $123.79.

Shares of Philip Morris International (NYSE:PM) traded down $0.45 during mid-day trading on Wednesday, hitting $99.94. The stock had a trading volume of 9,899,260 shares, compared to its average volume of 5,350,000. Philip Morris International has a one year low of $96.66 and a one year high of $123.55. The firm has a market cap of $154,530.00, a PE ratio of 25.82, a PEG ratio of 1.99 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s payout ratio is 110.59%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Guidant Wealth Advisors grew its holdings in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the last quarter. Vantage Investment Advisors LLC grew its holdings in shares of Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the last quarter. Front Row Advisors LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth $118,000. Financial Engines Advisors L.L.C. boosted its position in shares of 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 worth $134,000 after buying an additional 962 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $128,000. Institutional investors and hedge funds own 72.38% of the company’s stock.

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Philip Morris International Company Profile

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

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