Philip Morris International Inc. (NYSE:PM) – Analysts at Jefferies Financial Group cut their Q4 2018 EPS estimates for Philip Morris International in a research report issued on Wednesday, October 17th. Jefferies Financial Group analyst O. Bennett now anticipates that the company will post earnings of $1.29 per share for the quarter, down from their prior estimate of $1.37. Jefferies Financial Group has a “Hold” rating and a $80.00 price objective on the stock. Jefferies Financial Group also issued estimates for Philip Morris International’s FY2019 earnings at $5.14 EPS, FY2020 earnings at $5.60 EPS and FY2021 earnings at $6.07 EPS.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.15. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. ValuEngine upgraded shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Citigroup lifted their price target on shares of Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Morgan Stanley reduced their price target on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, July 17th. Finally, Societe Generale downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $97.91.

PM stock opened at $84.56 on Thursday. Philip Morris International has a 12-month low of $76.21 and a 12-month high of $112.89. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64. The company has a market cap of $126.75 billion, a PE ratio of 17.15, a P/E/G ratio of 1.81 and a beta of 0.79.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were paid a dividend of $1.14 per share. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.39%. Philip Morris International’s dividend payout ratio (DPR) is 92.49%.

Several institutional investors and hedge funds have recently modified their holdings of PM. Shine Investment Advisory Services Inc. grew its stake in Philip Morris International by 90.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after acquiring an additional 592 shares during the period. Landaas & Co. WI ADV purchased a new stake in Philip Morris International in the 2nd quarter worth approximately $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Philip Morris International in the 2nd quarter worth approximately $108,000. Cordasco Financial Network grew its stake in Philip Morris International by 214.1% in the 2nd quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock worth $110,000 after acquiring an additional 925 shares during the period. Finally, BerganKDV Wealth Management LLC purchased a new stake in Philip Morris International in the 2nd quarter worth approximately $123,000. 72.73% of the stock is owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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