Philip Morris International (NYSE:PM) will issue its quarterly earnings data before the market opens on Thursday, July 18th. Analysts expect the company to announce earnings of $1.32 per share for the quarter. Philip Morris International has set its FY 2019 guidance at $4.87 EPS and its FY19 guidance at $5.09 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same quarter last year, the firm posted $1.00 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, analysts expect Philip Morris International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NYSE:PM opened at $81.58 on Wednesday. The firm has a 50-day simple moving average of $78.84. Philip Morris International has a twelve month low of $64.67 and a twelve month high of $92.74. The stock has a market cap of $126.84 billion, a PE ratio of 16.00, a P/E/G ratio of 2.07 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were issued a $1.14 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $4.56 annualized dividend and a dividend yield of 5.59%. Philip Morris International’s payout ratio is currently 89.41%.

Several research firms have weighed in on PM. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, May 17th. Citigroup raised their price target on Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Barclays reaffirmed a “sell” rating on shares of Royal Bank of Canada in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $92.00.

In related news, Director Louis C. Camilleri sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total transaction of $5,847,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael R. Kunst acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $84.67 per share, for a total transaction of $211,675.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 4,000 shares of company stock worth $331,705. 0.21% of the stock is currently owned by insiders.

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 for Philip Morris International (NYSE:PM)

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