Philip Morris International (PM) Issues FY18 Earnings Guidance
Philip Morris International (NYSE:PM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $4.97-5.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.01. Philip Morris International also updated its FY 2018 guidance to $4.97-5.02 EPS.
NYSE:PM opened at $88.83 on Friday. The company has a market cap of $136.05 billion, a PE ratio of 16.96, a P/E/G ratio of 2.03 and a beta of 0.80. Philip Morris International has a 52 week low of $76.21 and a 52 week high of $111.25. The company has a debt-to-equity ratio of -2.83, a current ratio of 1.19 and a quick ratio of 0.64.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. Equities research analysts anticipate that Philip Morris International will post 5 EPS for the current year.
PM has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on Philip Morris International from $100.00 to $93.00 and set a buy rating for the company in a report on Friday, July 20th. Citigroup set a $90.00 target price on Philip Morris International and gave the company a buy rating in a report on Friday, July 20th. Jefferies Financial Group reiterated a buy rating and set a $93.00 price objective on shares of Philip Morris International in a research report on Friday, July 13th. Argus upgraded Philip Morris International from a hold rating to a buy rating and set a $91.00 price objective for the company in a research report on Wednesday, July 25th. Finally, Piper Jaffray Companies set a $99.00 price objective on Philip Morris International and gave the stock a buy rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $98.36.
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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