Philip Morris International (PM) Updates FY18 Earnings Guidance

Philip Morris International (NYSE:PM) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.20-5.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.27.

Philip Morris International (NYSE PM) traded up $0.63 on Thursday, reaching $104.35. 933,416 shares of the company traded hands, compared to its average volume of 5,480,434. The company has a market cap of $163,350.00, a PE ratio of 21.39, a P/E/G ratio of 1.93 and a beta of 0.85. Philip Morris International has a 1-year low of $96.66 and a 1-year high of $123.55. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. equities research analysts predict that Philip Morris International will post 5.27 EPS for the current fiscal year.

PM has been the topic of several recent research reports. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the company a buy rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of Philip Morris International from a sell rating to a hold rating in a research note on Monday, October 30th. Morgan Stanley lifted their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an overweight rating in a research note on Tuesday, January 30th. Bank of America lowered their price target on shares of Philip Morris International from $115.00 to $113.00 and set a neutral rating on the stock in a research note on Friday, February 9th. Finally, Jefferies Group upgraded shares of Philip Morris International from a hold rating to a buy rating and set a $124.00 price target on the stock in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $123.79.

Several institutional investors have recently added to or reduced their stakes in PM. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Philip Morris International by 13.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after purchasing an additional 150 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $145,000. S&T Bank PA acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $228,000. High Falls Advisors Inc acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $235,000. Finally, Ackerman Capital Advisors LLC acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $241,000. Institutional investors own 73.20% of the company’s stock.

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Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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