Philip Morris International (NYSE:PM) Updates FY19 Earnings Guidance

Share on StockTwits

Philip Morris International (NYSE:PM) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $5.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.21. Philip Morris International also updated its FY 2019
Pre-Market guidance to 5.16-5.16 EPS.

PM has been the subject of several research analyst reports. Bank of America raised Philip Morris International from a neutral rating to a buy rating and set a $96.00 price objective for the company in a report on Tuesday, October 1st. JPMorgan Chase & Co. set a $86.00 target price on Philip Morris International and gave the company a neutral rating in a report on Wednesday, August 28th. ValuEngine raised Philip Morris International from a sell rating to a hold rating in a research report on Tuesday. Wells Fargo & Co cut their price target on Philip Morris International from $102.00 to $100.00 and set an outperform rating for the company in a research note on Friday, October 18th. Finally, Credit Suisse Group set a $80.00 target price on shares of Philip Morris International and gave the company a sell rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $92.27.

Shares of PM stock opened at $82.28 on Tuesday. The stock has a fifty day simple moving average of $82.32 and a two-hundred day simple moving average of $80.19. Philip Morris International has a 52-week low of $64.67 and a 52-week high of $92.74. The firm has a market capitalization of $128.52 billion, a PE ratio of 16.13, a PEG ratio of 2.02 and a beta of 1.01.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.44 earnings per share. Equities analysts anticipate that Philip Morris International will post 5.22 earnings per share for the current fiscal year.

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.

See Also: How is net asset value different from market price?

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.