Philip Morris International (NYSE:PM) Posts Quarterly Earnings Results

Philip Morris International (NYSE:PM) posted its quarterly earnings results on Thursday. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06, Zacks reports. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International updated its FY 2025 guidance to 7.040-7.170 EPS and its Q1 2025 guidance to 1.580-1.630 EPS.

Philip Morris International Stock Up 11.0 %

PM traded up $14.43 during midday trading on Thursday, reaching $145.41. The company had a trading volume of 13,453,117 shares, compared to its average volume of 5,352,423. The business has a 50-day moving average of $125.17 and a two-hundred day moving average of $123.46. The company has a market cap of $226.08 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.30 and a beta of 0.55. Philip Morris International has a 1 year low of $87.82 and a 1 year high of $146.78.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group increased their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $131.35.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.