Philip Morris International (PM) Releases Earnings Results
Philip Morris International (NYSE:PM) announced its quarterly earnings data on Thursday. The company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.15, MarketWatch Earnings reports. 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 for the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the firm posted $1.27 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Philip Morris International updated its FY 2018 guidance to $4.97-5.02 EPS and its FY18 guidance to $4.97-5.02 EPS.
Shares of Philip Morris International stock opened at $87.52 on Friday. Philip Morris International has a 12-month low of $76.21 and a 12-month high of $111.86. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of -2.76. The firm has a market capitalization of $131.45 billion, a PE ratio of 16.95, a P/E/G ratio of 1.96 and a beta of 0.80.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Tuesday, September 25th. Philip Morris International’s payout ratio is 92.49%.
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.
Recommended Story: How does inflation affect different investments?
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.