Philip Morris International (NYSE:PM) Releases FY19 Earnings Guidance

Philip Morris International (NYSE:PM) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.14 for the period, compared to the Thomson Reuters consensus estimate of $5.15. Philip Morris International also updated its FY 2019 guidance to $5.14-5.14 EPS.

A number of research firms recently weighed in on PM. Societe Generale raised shares of Philip Morris International from a hold rating to a buy rating in a research report on Tuesday, May 7th. Citigroup raised their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the company a buy rating in a research report on Monday, March 25th. ValuEngine downgraded shares of United Rentals from a sell rating to a strong sell rating in a research report on Thursday. Morgan Stanley set a $207.00 target price on shares of Alibaba Group and gave the company a buy rating in a research report on Friday, July 12th. Finally, Barclays raised their target price on shares of from $65.00 to $100.00 and gave the company an overweight rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Philip Morris International currently has an average rating of Buy and a consensus target price of $93.29.

Shares of PM stock opened at $88.73 on Friday. The firm has a market capitalization of $136.46 billion, a PE ratio of 17.40, a P/E/G ratio of 2.19 and a beta of 0.96. The company has a fifty day moving average price of $79.17. Philip Morris International has a one year low of $64.67 and a one year high of $92.74.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 18th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.13. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.42 billion. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. Equities research analysts forecast that Philip Morris International will post 5.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Thursday, June 20th. Philip Morris International’s dividend payout ratio is currently 89.41%.

In other news, Director Louis C. Camilleri sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total transaction of $5,847,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Kunst bought 2,500 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $84.67 per share, with a total value of $211,675.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 4,000 shares of company stock valued at $331,705. Corporate insiders own 0.21% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

Recommended Story: What is Cost of Goods Sold (COGS)?

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's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit