Analysts expect Philip Morris International Inc. (NYSE:PM) to report earnings per share (EPS) of $1.03 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Philip Morris International’s earnings. The lowest EPS estimate is $1.01 and the highest is $1.06. Philip Morris International posted earnings of $0.98 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, April 20th.

According to Zacks, analysts expect that Philip Morris International will report full year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $4.97. For the next year, analysts expect that the business will post earnings of $5.43 per share, with EPS estimates ranging from $5.18 to $5.61. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Philip Morris International.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by $0.02. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.68 billion. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS.

Several brokerages have weighed in on PM. Vetr upgraded shares of Philip Morris International from a “strong sell” rating to a “sell” rating and set a $103.84 target price on the stock in a research report on Wednesday, March 29th. Barclays PLC upped their target price on shares of Philip Morris International from $108.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 29th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Wednesday, March 29th. Jefferies Group LLC restated a “hold” rating and set a $104.00 target price on shares of Philip Morris International in a research report on Friday, March 24th. Finally, Citigroup Inc restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $110.17.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 35,000 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $102.65, for a total value of $3,592,750.00. Following the sale, the chief executive officer now owns 787,671 shares of the company’s stock, valued at $80,854,428.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in PM. Capital Advisors Ltd. LLC increased its position in shares of Philip Morris International by 0.6% in the third quarter. Capital Advisors Ltd. LLC now owns 4,719 shares of the company’s stock valued at $459,000 after buying an additional 27 shares during the last quarter. Union Bankshares Corp increased its position in shares of Philip Morris International by 0.3% in the third quarter. Union Bankshares Corp now owns 42,889 shares of the company’s stock valued at $4,169,000 after buying an additional 125 shares during the last quarter. National Pension Service increased its position in shares of Philip Morris International by 8.8% in the third quarter. National Pension Service now owns 915,219 shares of the company’s stock valued at $88,978,000 after buying an additional 73,640 shares during the last quarter. Callahan Advisors LLC increased its position in shares of Philip Morris International by 43.8% in the third quarter. Callahan Advisors LLC now owns 6,682 shares of the company’s stock valued at $650,000 after buying an additional 2,035 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc increased its position in shares of Philip Morris International by 2.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 27,395 shares of the company’s stock valued at $2,663,000 after buying an additional 669 shares during the last quarter. 71.65% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Philip Morris International (NYSE:PM) traded up 0.41% during mid-day trading on Thursday, hitting $115.21. 5,275,043 shares of the stock were exchanged. Philip Morris International has a one year low of $86.78 and a one year high of $115.63. The stock has a market cap of $178.74 billion, a PE ratio of 25.72 and a beta of 0.94. The company has a 50-day moving average of $112.09 and a 200 day moving average of $99.01.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 92.86%.

About Philip Morris International

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.

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