Equities research analysts expect that Philip Morris International Inc. (NYSE:PM) will announce $7.37 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Philip Morris International’s earnings, with the lowest sales estimate coming in at $7.21 billion and the highest estimate coming in at $7.52 billion. Philip Morris International reported sales of $8.29 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The company is expected to issue its next earnings results on Thursday, February 14th.

On average, analysts expect that Philip Morris International will report full year sales of $29.47 billion for the current fiscal year, with estimates ranging from $29.24 billion to $29.64 billion. For the next year, analysts forecast that the company will report sales of $30.08 billion, with estimates ranging from $29.57 billion to $30.88 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Philip Morris International.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.16. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.16 billion. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share.

A number of brokerages have recently weighed in on PM. Piper Jaffray Companies set a $99.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Citigroup boosted their price target on Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, October 19th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Wednesday, July 25th. Societe Generale set a $95.00 price target on Philip Morris International and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $94.73.

Philip Morris International stock traded up $0.01 during trading hours on Friday, reaching $87.63. The stock had a trading volume of 272,011 shares, compared to its average volume of 6,320,538. The company has a market capitalization of $134.20 billion, a PE ratio of 17.75, a P/E/G ratio of 1.98 and a beta of 0.58. Philip Morris International has a 52 week low of $76.21 and a 52 week high of $111.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Shine Investment Advisory Services Inc. boosted its position 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 purchasing an additional 592 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in shares of Philip Morris International during the 2nd quarter worth approximately $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Philip Morris International during the 2nd quarter worth approximately $108,000. BerganKDV Wealth Management LLC acquired a new position in shares of Philip Morris International during the 2nd quarter worth approximately $123,000. Finally, Vectors Research Management LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth approximately $128,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Philip Morris International Company Profile

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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