Philip Morris International (NYSE:PM) Issues FY 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 8.310-8.460 for the period, compared to the consensus EPS estimate of 8.420. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Barclays restated an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 23rd. UBS Group cut their price objective on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Stifel Nicolaus cut their price objective on 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. Finally, Morgan Stanley lifted their price objective on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Stock Performance

Shares of PM opened at $180.94 on Friday. The stock has a fifty day moving average of $172.08 and a two-hundred day moving average of $169.70. The company has a market capitalization of $282.00 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.38. Philip Morris International has a fifty-two week low of $142.11 and a fifty-two week high of $193.05.

Philip Morris International (NYSE:PM) last issued its quarterly 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts forecast that Philip Morris International will post 8.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s payout ratio is 82.70%.

Institutional Trading of Philip Morris International

Several institutional investors have recently made changes to their positions in PM. Price T Rowe Associates Inc. MD grew its stake in shares of Philip Morris International by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,161,027 shares of the company’s stock valued at $2,271,430,000 after buying an additional 1,569,685 shares during the period. Nomura Holdings Inc. grew its stake in shares of Philip Morris International by 6,821.6% during the 3rd quarter. Nomura Holdings Inc. now owns 1,490,777 shares of the company’s stock valued at $241,804,000 after buying an additional 1,469,239 shares during the period. Federated Hermes Inc. grew its stake in shares of Philip Morris International by 35.8% during the 4th quarter. Federated Hermes Inc. now owns 3,851,091 shares of the company’s stock valued at $617,715,000 after buying an additional 1,014,263 shares during the period. Viking Global Investors LP grew its stake in shares of Philip Morris International by 28.1% during the 3rd quarter. Viking Global Investors LP now owns 4,426,128 shares of the company’s stock valued at $717,918,000 after buying an additional 971,942 shares during the period. Finally, Boston Partners grew its stake in shares of Philip Morris International by 12.7% during the 3rd quarter. Boston Partners now owns 7,019,625 shares of the company’s stock valued at $1,136,402,000 after buying an additional 791,681 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

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.