Analysts expect Philip Morris International Inc. (NYSE:PM) to report $1.31 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Philip Morris International’s earnings, with estimates ranging from $1.24 to $1.41. Philip Morris International reported earnings per share of $1.27 during the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The firm is expected to issue its next quarterly earnings report on Thursday, October 18th.

According to Zacks, analysts expect that Philip Morris International will report full-year earnings of $5.07 per share for the current financial year, with EPS estimates ranging from $5.02 to $5.10. For the next fiscal year, analysts expect that the business will report earnings of $5.54 per share, with EPS estimates ranging from $5.28 to $6.20. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Philip Morris International.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 19th. The company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.18. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis.

A number of brokerages have commented on PM. Citigroup set a $90.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 20th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Cowen cut shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a report on Friday, July 20th. Stifel Nicolaus reduced their target price on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a report on Friday, July 20th. Finally, JPMorgan Chase & Co. cut shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $104.55.

Several large investors have recently modified their holdings of PM. Flossbach Von Storch AG boosted its position in shares of Philip Morris International by 48.1% during the second quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock worth $1,147,533,000 after acquiring an additional 4,618,289 shares during the last quarter. Morgan Stanley boosted its position in shares of Philip Morris International by 23.9% during the second quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock worth $1,835,871,000 after acquiring an additional 4,386,487 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Philip Morris International by 1,884.4% during the second quarter. Coronation Fund Managers Ltd. now owns 3,877,270 shares of the company’s stock worth $313,051,000 after acquiring an additional 3,681,882 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of Philip Morris International during the second quarter worth $277,027,000. Finally, Meritage Group LP bought a new position in shares of Philip Morris International during the second quarter worth $210,770,000. Hedge funds and other institutional investors own 72.24% of the company’s stock.

PM stock traded up $0.07 during midday trading on Tuesday, reaching $84.75. 159,153 shares of the company’s stock traded hands, compared to its average volume of 6,156,779. Philip Morris International has a 52-week low of $76.21 and a 52-week high of $119.43. The stock has a market cap of $128.34 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.76 and a beta of 0.90. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of -2.76.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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