Philip Morris International (NYSE:PM) Updates Q3 2026 Earnings Guidance

Philip Morris International (NYSE:PM) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.290-2.340 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of -.

Philip Morris International Price Performance

PM opened at $191.19 on Friday. The firm has a fifty day moving average price of $188.57 and a 200 day moving average price of $178.91. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $207.76. The stock has a market cap of $298.00 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.42 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business earned $1.89 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities analysts expect that Philip Morris International will post 8.48 EPS for the current year.

Wall Street Analyst Weigh In

PM has been the topic of a number of analyst reports. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC upped their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley boosted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Citigroup boosted their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Hedge Funds Weigh In On Philip Morris International

A number of institutional investors and hedge funds have recently bought and sold shares of PM. Safe Harbor Fiduciary LLC purchased a new position in Philip Morris International in the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at approximately $32,000. McIlrath & Eck LLC purchased a new position in Philip Morris International during the second quarter worth approximately $36,000. Swiss RE Ltd. purchased a new position in Philip Morris International during the fourth quarter worth approximately $40,000. Finally, WFA of San Diego LLC acquired a new position in Philip Morris International during the second quarter worth $41,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.