Wall Street brokerages expect Philip Morris International Inc. (NYSE:PM) to post $1.08 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Philip Morris International’s earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.13. Philip Morris International posted earnings per share of $1.46 in the same quarter last year, which would suggest a negative year-over-year growth rate of 26%. The firm is expected to issue its next quarterly earnings report on Thursday, July 16th.
According to Zacks, analysts expect that Philip Morris International will report full-year earnings of $4.95 per share for the current year, with EPS estimates ranging from $4.54 to $5.53. For the next year, analysts expect that the firm will post earnings of $5.41 per share, with EPS estimates ranging from $4.92 to $5.97. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Philip Morris International.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. Philip Morris International had a negative return on equity of 84.38% and a net margin of 9.75%. The business had revenue of $7.15 billion during the quarter, compared to analyst estimates of $6.87 billion. During the same period in the prior year, the firm posted $1.09 EPS. Philip Morris International’s quarterly revenue was up 6.0% compared to the same quarter last year.
In related news, insider Marc S. Firestone sold 22,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $86.27, for a total transaction of $1,897,940.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Solstein Capital LLC purchased a new stake in Philip Morris International during the fourth quarter valued at $28,000. Perennial Advisors LLC purchased a new stake in Philip Morris International in the first quarter worth about $29,000. Key Financial Inc purchased a new stake in shares of Philip Morris International during the first quarter worth about $41,000. Howard Wealth Management LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $43,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $48,000. 74.02% of the stock is currently owned by hedge funds and other institutional investors.
PM traded down $0.05 during trading hours on Monday, hitting $70.45. The stock had a trading volume of 2,546,855 shares, compared to its average volume of 5,332,155. The company’s fifty day simple moving average is $73.12 and its 200 day simple moving average is $80.74. Philip Morris International has a 1 year low of $56.01 and a 1 year high of $90.17. The stock has a market cap of $109.78 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.