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 Trading Up 0.7 %
Shares of PM opened at $101.72 on Wednesday. The business's fifty day simple moving average is $97.51 and its two-hundred day simple moving average is $99.96. Philip Morris International has a 12 month low of $85.64 and a 12 month high of $112.48. The company has a market cap of $157.68 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 3.66 and a beta of 0.62.
Philip Morris International (NYSE:PM - Get Rating) last released its quarterly earnings results 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. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. As a group, research analysts forecast that Philip Morris International will post 5.95 EPS for the current year.
Philip Morris International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a $1.25 dividend. The ex-dividend date was Thursday, June 30th. This represents a $5.00 dividend on an annualized basis and a yield of 4.92%. Philip Morris International's dividend payout ratio is currently 85.91%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on PM shares. Bank of America boosted their target price on Philip Morris International from $107.00 to $117.00 in a research note on Sunday, April 24th. Morgan Stanley upped their price target on Philip Morris International from $104.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Tuesday, July 26th. Finally, Jefferies Financial Group lowered their price target on Philip Morris International from $107.00 to $99.00 in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $110.33.