Philip Morris International (PM) Projected to Post Earnings on Wednesday

Key Points

• Philip Morris International is expected to report Q3 2026 results before the market opens on October 21. Analysts forecast earnings of $2.29 per share and revenue of $11.32 billion, compared with company guidance of $2.20–$2.25 EPS.
• The company’s previous quarter exceeded expectations, with EPS of $2.20 versus a $2.05 consensus and revenue up 10.4% year over year to $11.19 billion.
• Philip Morris raised its quarterly dividend to $1.60, or $6.40 annually, yielding about 3.2%. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $207.

Philip Morris International (NYSE:PM - Get Free Report) is anticipated to announce its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect Philip Morris International to announce earnings of $2.29 per share and revenue of $11.32 billion for the quarter. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Interested persons may review the information on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 7:00 AM ET.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts expect Philip Morris International to post $8.42 EPS for the current fiscal year and $9.19 EPS for the next fiscal year.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $199.55 on Wednesday. The business's 50 day moving average price is $190.31 and its 200 day moving average price is $181.80. The company has a market cap of $311.02 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.59 and a beta of 0.34. Philip Morris International has a one year low of $142.11 and a one year high of $207.76.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, October 2nd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 2nd. This is an increase from Philip Morris International's previous quarterly dividend of $1.47. Philip Morris International's dividend payout ratio (DPR) is currently 91.95%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Philip Morris International from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. UBS Group upped their price objective on shares of Philip Morris International from $182.00 to $192.00 and gave the company a "neutral" rating in a report on Wednesday, September 23rd. Barclays upped their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, Morgan Stanley raised their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.00.

About Philip Morris International

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company operates in markets outside the United States and sells products across more than 180 countries. Its portfolio includes cigarettes, heated tobacco products, nicotine pouches, e-cigarettes and other smoke-free alternatives.

Philip Morris International's traditional cigarette brands include Marlboro, Parliament, L&M, Chesterfield and Bond Street. The company has increasingly focused on developing and commercializing smoke-free products, including IQOS heated tobacco devices and consumables, ZYN nicotine pouches and VEEV e-cigarettes.

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