Philip Morris International Inc. (NYSE:PM) Forecasted to Earn FY2019 Earnings of $5.14 Per Share

Philip Morris International Inc. (NYSE:PM) – Equities research analysts at Jefferies Financial Group issued their FY2019 EPS estimates for shares of Philip Morris International in a research report issued to clients and investors on Wednesday, April 17th, according to Zacks Investment Research. Jefferies Financial Group analyst O. Bennett expects that the company will post earnings of $5.14 per share for the year. Jefferies Financial Group has a “Hold” rating and a $80.00 price target on the stock. Jefferies Financial Group also issued estimates for Philip Morris International’s FY2020 earnings at $5.47 EPS, FY2021 earnings at $5.88 EPS and FY2022 earnings at $6.05 EPS.

Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Piper Jaffray Companies set a $100.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, February 8th. Bank of America reaffirmed a “sell” rating and set a $74.00 price target on shares of Philip Morris International in a research note on Tuesday, March 26th. Morgan Stanley lifted their price target on shares of Philip Morris International from $88.00 to $94.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $91.85.

Shares of NYSE:PM traded up $0.61 on Friday, reaching $84.54. The company’s stock had a trading volume of 3,318,394 shares, compared to its average volume of 4,154,506. Philip Morris International has a 52-week low of $64.67 and a 52-week high of $92.74. The stock has a market capitalization of $130.58 billion, a P/E ratio of 16.17, a PEG ratio of 2.11 and a beta of 0.93.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.76 billion. During the same period last year, the company posted $1.00 EPS. The business’s revenue was down 2.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 dividend on an annualized basis and a yield of 5.39%. Philip Morris International’s payout ratio is 89.41%.

In related news, VP Michael R. Kunst acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $84.67 per share, for a total transaction of $211,675.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mario Masseroli sold 1,200 shares of Philip Morris International stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $84.32, for a total transaction of $101,184.00. The disclosure for this sale can be found here. Insiders have sold a total of 121,200 shares of company stock valued at $10,186,984 in the last quarter. 0.21% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $27,000. Penserra Capital Management LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $36,000. CX Institutional raised its holdings in shares of Philip Morris International by 432.1% in the 1st quarter. CX Institutional now owns 447 shares of the company’s stock valued at $40,000 after purchasing an additional 363 shares in the last quarter. Transamerica Financial Advisors Inc. grew its position in shares of Philip Morris International by 552.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after buying an additional 398 shares during the last quarter. Finally, Clean Yield Group purchased a new position in shares of Philip Morris International in the 4th quarter worth approximately $37,000. Institutional investors own 73.39% of the company’s stock.

About Philip Morris International

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.

Further Reading: Diluted Earnings Per Share

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

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