Philip Morris International (NYSE:PM) Releases Q2 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.020-2.070 for the period, compared to the consensus EPS estimate of 2.120. The company issued revenue guidance of -. Philip Morris International also updated its FY 2026 guidance to 8.360-8.510 EPS.

Analyst Ratings Changes

A number of research firms recently weighed in on PM. UBS Group reduced their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Stifel Nicolaus reduced their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.56.

Philip Morris International Stock Performance

PM opened at $160.68 on Wednesday. The business’s fifty day moving average is $170.57 and its two-hundred day moving average is $163.81. Philip Morris International has a one year low of $142.11 and a one year high of $191.30. The company has a market cap of $250.43 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.92 and a beta of 0.43.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a net margin of 12.09% and a negative return on equity of 130.95%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.69 EPS. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. On average, analysts predict that Philip Morris International will post 8.36 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.

Insiders Place Their Bets

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacek Olczak sold 80,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the transaction, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

Key Headlines Impacting Philip Morris International

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

• Positive Sentiment: Q1 results topped expectations: adjusted EPS of $1.96 beat consensus and revenue of $10.15B exceeded estimates, signaling resilient demand. Investing.com: Philip Morris beats Q1 estimates
• Positive Sentiment: Smoke‑free product strength: management highlighted continued growth in IQOS and other smoke‑free offerings, supporting longer‑term revenue mix improvement. WSJ: Sales rise on smoke-free business growth
• Positive Sentiment: Regulatory win for IQOS: the product retains FDA modified‑risk authorization, preserving a strategic competitive advantage in reduced‑risk products. Zacks: IQOS retains FDA modified-risk authorization
• Neutral Sentiment: FY‑2026 EPS guidance roughly in line with street: company issued a 8.360–8.510 EPS range that tracks consensus (~8.37), so full‑year outlook is not a major surprise. FinancialPost: Q1 results and FY update
• Negative Sentiment: Near‑term EPS guidance missed Q2 consensus: management set Q2 EPS at 2.020–2.070 vs. consensus ~2.12, which markets view as a near‑term earnings shortfall. Company press release: Q1 results & guidance
• Negative Sentiment: Company cut its annual profit forecast amid competitive pressure and regulatory uncertainty (notably around Zyn nicotine pouches), which raises medium‑term margin concerns. Reuters: Philip Morris cuts annual profit forecast

Institutional Trading of Philip Morris International

Several institutional investors have recently bought and sold shares of PM. Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth about $32,000. McIlrath & Eck LLC bought a new position in Philip Morris International during the 2nd quarter valued at about $36,000. Swiss RE Ltd. acquired a new position in Philip Morris International in the fourth quarter valued at about $40,000. Finally, WFA of San Diego LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.