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 that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.
Philip Morris International Stock Down 0.2 %
Shares of NYSE:PM traded down $0.23 during mid-day trading on Friday, reaching $99.24. 3,066,349 shares of the company were exchanged, compared to its average volume of 5,933,216. Philip Morris International has a 52 week low of $85.64 and a 52 week high of $112.48. The stock has a market capitalization of $153.84 billion, a PE ratio of 17.05, a PEG ratio of 3.60 and a beta of 0.62. The company's 50 day moving average price is $97.83 and its 200 day moving average price is $100.01.
Philip Morris International (NYSE:PM - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.22. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the previous year, the firm posted $1.57 EPS. The firm's revenue was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Philip Morris International will post 5.99 earnings per share for the current year.
Philip Morris International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date was Thursday, June 30th. Philip Morris International's dividend payout ratio is presently 85.91%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Philip Morris International from $104.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, April 22nd. StockNews.com upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Tuesday, July 26th. Bank of America raised their price target on shares of Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. Finally, Jefferies Financial Group cut their price target on shares of Philip Morris International from $107.00 to $99.00 in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $110.33.