Philip Morris International (NYSE:PM) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.21. Philip Morris International also updated its FY 2019
Pre-Market guidance to 5.16-5.16 EPS.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a buy rating on shares of Philip Morris International in a research report on Tuesday, October 15th. Wells Fargo & Co decreased their price objective on shares of Philip Morris International from $102.00 to $100.00 and set an outperform rating for the company in a research report on Friday, October 18th. Bank of America upgraded Philip Morris International from a neutral rating to a buy rating and set a $96.00 target price for the company in a research note on Tuesday, October 1st. Credit Suisse Group set a $80.00 target price on Philip Morris International and gave the stock a sell rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. set a $86.00 price target on Philip Morris International and gave the stock a neutral rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $92.27.

PM opened at $82.14 on Tuesday. The stock has a market capitalization of $128.52 billion, a PE ratio of 16.11, a P/E/G ratio of 2.02 and a beta of 1.01. The firm’s fifty day moving average price is $82.32 and its 200 day moving average price is $80.19. Philip Morris International has a 12-month low of $64.67 and a 12-month high of $92.74.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.08. The company had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.65 billion. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. On average, sell-side analysts predict that Philip Morris International will post 5.22 earnings per share for the current year.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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