Philip Morris International (NYSE:PM) Updates FY 2025 Earnings Guidance

Philip Morris International (NYSE:PM - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 7.360-7.490 for the period, compared to the consensus EPS estimate of 7.470. The company issued revenue guidance of -.

Philip Morris International Trading Up 0.3%

Shares of NYSE:PM traded up $0.61 during mid-day trading on Thursday, reaching $183.98. The stock had a trading volume of 5,616,413 shares, compared to its average volume of 5,611,045. The company has a market cap of $286.37 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International has a 1 year low of $98.93 and a 1 year high of $184.33. The business's 50 day moving average price is $169.29 and its 200 day moving average price is $148.50.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. Analysts predict that Philip Morris International will post 7.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PM shares. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Needham & Company LLC started coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Hedge Funds Weigh In On Philip Morris International

An institutional investor recently raised its position in Philip Morris International stock. Brighton Jones LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,531 shares of the company's stock after buying an additional 2,023 shares during the quarter. Brighton Jones LLC's holdings in Philip Morris International were worth $1,027,000 at the end of the most recent quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.