Philip Morris International (PM) Projected to Release Earnings on Wednesday

Philip Morris International (NYSE:PM) is expected to issue its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect Philip Morris International to post earnings of $2.30 per share and revenue of $11.32 billion for the quarter. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Parties can find conference call details on the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 9:00 AM ET.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. On average, analysts expect Philip Morris International to post $8.38 EPS for the current fiscal year and $9.19 EPS for the next fiscal year.

Philip Morris International Stock Down 0.2%

NYSE:PM opened at $204.74 on Monday. The company has a fifty day moving average of $191.17 and a 200-day moving average of $182.64. The firm has a market capitalization of $319.11 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.63 and a beta of 0.34. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $210.45.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, October 2nd will be paid a dividend of $1.60 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. This represents a $6.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 2nd. Philip Morris International’s payout ratio is currently 91.95%.

Key Headlines Impacting Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris raised its dividend by 8.8%, its largest increase in several years. The move reinforces the income appeal of PM and signals management’s confidence in cash generation, although the stock’s rally has reduced its dividend yield. Philip Morris Just Raised Its Dividend 8.8%. Can It Afford Another Increase?
• Positive Sentiment: Smoke-free products, pricing and ongoing innovation are expected to support third-quarter performance. Recent results showed strong execution, with quarterly revenue up 10.4% year over year and earnings exceeding consensus estimates, providing a favorable operating backdrop. Philip Morris Q3 Earnings on Deck: Key Factors You Should Understand
• Neutral Sentiment: Analysts are focused on whether smoke-free growth can justify PM’s premium valuation as third-quarter earnings approach. Combustible tobacco cash flow continues to fund expansion, while investors will be watching management’s outlook and progress in reducing leverage. Philip Morris Q3 Earnings Preview: Competition Heating Up
• Neutral Sentiment: Philip Morris published an EY-Parthenon study highlighting its economic contribution and transformation across the European Union from 2021 through 2025. The announcement supports the company’s public-policy and regional positioning but is unlikely to materially change near-term earnings expectations. Philip Morris International Announces EU Economic Footprint Study
• Negative Sentiment: PM faces roughly $43 billion of debt, making further dividend growth less certain while interest rates remain elevated. Competition is also intensifying in the U.S. nicotine market, with ZYN’s competitive position a key concern for the upcoming quarters. Dividend Sustainability and Debt Concerns
• Negative Sentiment: Recent reports of a sharp selloff and net ETF selling indicate that some investors have taken profits, adding technical pressure despite the subsequent recovery. ETFs Are Net Sellers of Philip Morris

Analyst Upgrades and Downgrades

A number of research firms have commented on PM. Citigroup raised their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Morgan Stanley upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. UBS Group increased their price objective on shares of Philip Morris International from $182.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 23rd. Weiss Ratings upgraded Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.00.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.