Brokers Issue Forecasts for Philip Morris International Inc.’s Q4 2018 Earnings (PM)

Philip Morris International Inc. (NYSE:PM) – Analysts at Piper Jaffray Companies decreased their Q4 2018 EPS estimates for Philip Morris International in a research note issued to investors on Thursday, October 18th. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will earn $1.18 per share for the quarter, down from their previous forecast of $1.34. Piper Jaffray Companies currently has a “Buy” rating and a $99.00 target price on the stock. Piper Jaffray Companies also issued estimates for Philip Morris International’s Q1 2019 earnings at $1.08 EPS, Q3 2019 earnings at $1.51 EPS and Q4 2019 earnings at $1.34 EPS.

Other research analysts have also recently issued research reports about the company. Societe Generale set a $95.00 target price on Philip Morris International and gave the company a “hold” rating in a research note on Monday. ValuEngine upgraded Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Stifel Nicolaus lowered their price objective on Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. cut Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $98.08.

PM opened at $87.51 on Monday. The company has a market capitalization of $138.09 billion, a PE ratio of 17.75, a PEG ratio of 2.06 and a beta of 0.79. The company has a debt-to-equity ratio of -2.83, a current ratio of 1.19 and a quick ratio of 0.64. Philip Morris International has a 52 week low of $76.21 and a 52 week high of $111.25.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.16. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS.

Large investors have recently made changes to their positions in the business. American Assets Investment Management LLC increased its holdings in shares of Philip Morris International by 30.0% in the 3rd quarter. American Assets Investment Management LLC now owns 13,000 shares of the company’s stock worth $1,060,000 after purchasing an additional 3,000 shares in the last quarter. Truvestments Capital LLC increased its holdings in shares of Philip Morris International by 19.1% in the 3rd quarter. Truvestments Capital LLC now owns 6,911 shares of the company’s stock worth $564,000 after purchasing an additional 1,110 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Philip Morris International by 26.0% in the third quarter. IFM Investors Pty Ltd now owns 54,348 shares of the company’s stock worth $4,432,000 after acquiring an additional 11,219 shares during the period. Summit Financial Wealth Advisors LLC grew its holdings in shares of Philip Morris International by 15.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 47,881 shares of the company’s stock worth $3,997,000 after acquiring an additional 6,433 shares during the period. Finally, Lederer & Associates Investment Counsel CA grew its holdings in shares of Philip Morris International by 24.9% in the third quarter. Lederer & Associates Investment Counsel CA now owns 3,490 shares of the company’s stock worth $285,000 after acquiring an additional 695 shares during the period. Institutional investors and hedge funds own 72.93% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Tuesday, September 25th. Philip Morris International’s payout ratio is 92.49%.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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