Philip Morris International (NYSE:PM) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Philip Morris International (NYSE:PM) released its quarterly earnings data on Wednesday. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15, FiscalAI reports. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the firm posted $1.89 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Philip Morris International updated its Q3 2026 guidance to 2.200-2.25 EPS.

Here are the key takeaways from Philip Morris International’s conference call:

• Philip Morris posted a strong Q2, with organic net revenue up 8%, operating income up 11%, and adjusted EPS up 15% to $2.20, driven by smoke-free growth and better-than-expected combustible performance.
• International smoke-free products remained the main growth engine, with IQOS, VEEV, and ZYN all contributing to high-single-digit volume growth and continued gross margin expansion.
• Management kept full-year guidance unchanged despite the strong first half, saying it plans to step up U.S. investment in the second half behind ZYN, brand marketing, distribution, and preparation for future IQOS ILUMA launch.
• In the U.S., ZYN shipments returned to growth and the company launched new variants like ZYN Ultra, with more formats coming later in the year; PMI also highlighted favorable regulatory momentum from MRTP authorization.
• Japan remained volatile due to the April excise increase and an expected October change, but IQOS share held up and management said the business has largely navigated the most difficult phase of pricing pass-through.

Philip Morris International Trading Up 3.5%

Shares of PM opened at $194.67 on Thursday. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $199.78. The stock’s 50 day moving average is $182.74 and its two-hundred day moving average is $175.12. The firm has a market capitalization of $303.41 billion, a PE ratio of 27.38, a P/E/G ratio of 2.22 and a beta of 0.38.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Compound Planning Inc. increased its holdings in Philip Morris International by 18.6% in the fourth quarter. Compound Planning Inc. now owns 18,066 shares of the company’s stock valued at $2,898,000 after buying an additional 2,830 shares in the last quarter. TMB Capital Partners LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at about $288,000. Axxcess Wealth Management LLC grew its position in shares of Philip Morris International by 3.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 32,811 shares of the company’s stock valued at $5,263,000 after purchasing an additional 1,186 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Philip Morris International by 13.8% in the fourth quarter. Corient Private Wealth LLC now owns 592,394 shares of the company’s stock valued at $95,020,000 after purchasing an additional 71,996 shares during the last quarter. Finally, Ameriflex Group Inc. increased its stake in shares of Philip Morris International by 36.7% during the 4th quarter. Ameriflex Group Inc. now owns 4,325 shares of the company’s stock worth $694,000 after purchasing an additional 1,160 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

More Philip Morris International News

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

• Positive Sentiment: Philip Morris beat Q2 estimates, reporting adjusted EPS of $2.20 versus consensus near $2.05 and revenue of $11.19 billion versus expectations of $10.60 billion, driven by strong international sales and resilient cigarette demand. Article Title
• Positive Sentiment: Smoke-free products, especially Zyn nicotine pouches, showed strong momentum after recent regulatory approval, supporting the company’s growth story and confidence in its long-term transition away from traditional tobacco. Article Title
• Positive Sentiment: BTIG Research upgraded Philip Morris International to “strong-buy,” adding to the bullish sentiment following the earnings release and helping support the stock near its highs. Article Title
• Neutral Sentiment: Management raised investment plans for Zyn and highlighted a “confident smoke-free future,” which is constructive for the long term but also signals ongoing spending to defend growth. Article Title
• Negative Sentiment: The company cut full-year EPS guidance, citing currency headwinds and conflict-related costs in the Middle East, which tempered the upside from the strong quarterly beat. Article Title

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Philip Morris International in a research report on Thursday. Stifel Nicolaus cut their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. UBS Group boosted their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, BTIG Research initiated coverage on shares of Philip Morris International in a research note on Tuesday. They issued a “buy” rating and a $216.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.67.

About Philip Morris International

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.