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.

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

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