Philip Morris International (PM) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Philip Morris International (NYSE:PM) announced its quarterly earnings data on Thursday. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04), Bloomberg Earnings reports. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share.
Shares of Philip Morris International (PM) traded up $2.32 during mid-day trading on Thursday, hitting $101.20. The company’s stock had a trading volume of 6,272,830 shares, compared to its average volume of 5,292,844. The stock has a market capitalization of $157,600.00, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.96 and a beta of 0.85. Philip Morris International has a 12 month low of $96.66 and a 12 month high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.
PM has been the topic of a number of analyst reports. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Jefferies Group cut their price target on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Morgan Stanley raised their price target on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $125.14.
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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.
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