$6.74 Billion in Sales Expected for Philip Morris International Inc. (PM) This Quarter

Equities research analysts predict that Philip Morris International Inc. (NYSE:PM) will report sales of $6.74 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Philip Morris International’s earnings. The lowest sales estimate is $6.63 billion and the highest is $6.87 billion. Philip Morris International posted sales of $6.90 billion during the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The business is scheduled to announce its next earnings results on Thursday, April 18th.

On average, analysts expect that Philip Morris International will report full-year sales of $30.33 billion for the current year, with estimates ranging from $29.74 billion to $31.07 billion. For the next year, analysts expect that the company will report sales of $32.12 billion, with estimates ranging from $31.35 billion to $33.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.46 billion. During the same quarter last year, the firm posted $1.32 EPS. The company’s quarterly revenue was down 9.6% on a year-over-year basis.

A number of research analysts have recently commented on PM shares. Credit Suisse Group downgraded shares of Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $92.00 to $74.00 in a research report on Tuesday, December 18th. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 price objective (down previously from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Morgan Stanley cut their target price on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Finally, Jefferies Financial Group restated a “hold” rating and set a $80.00 target price on shares of Philip Morris International in a research note on Sunday, February 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $91.00.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the sale, the chief executive officer now owns 844,901 shares in the company, valued at approximately $71,613,808.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Fulton Bank N.A. raised its stake in Philip Morris International by 10.1% in the 1st quarter. Fulton Bank N.A. now owns 48,531 shares of the company’s stock worth $4,290,000 after purchasing an additional 4,454 shares in the last quarter. CX Institutional raised its stake in Philip Morris International by 432.1% in the 1st quarter. CX Institutional now owns 447 shares of the company’s stock worth $40,000 after purchasing an additional 363 shares in the last quarter. First Hawaiian Bank raised its stake in Philip Morris International by 13.7% in the 1st quarter. First Hawaiian Bank now owns 22,918 shares of the company’s stock worth $2,026,000 after purchasing an additional 2,760 shares in the last quarter. Private Trust Co. NA raised its stake in Philip Morris International by 2.7% in the 1st quarter. Private Trust Co. NA now owns 39,704 shares of the company’s stock worth $3,509,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Philip Morris International by 50.5% in the 4th quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock worth $737,970,000 after purchasing an additional 3,710,763 shares in the last quarter. Institutional investors and hedge funds own 73.53% of the company’s stock.

Shares of PM opened at $85.81 on Thursday. Philip Morris International has a one year low of $64.67 and a one year high of $103.55. The stock has a market capitalization of $137.22 billion, a PE ratio of 16.83, a PEG ratio of 1.96 and a beta of 0.95.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Monday, March 25th. Philip Morris International’s dividend payout ratio is presently 89.41%.

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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