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 Performance
NYSE:PM opened at $100.50 on Friday. The company has a market capitalization of $155.79 billion, a P/E ratio of 17.27, a P/E/G ratio of 3.94 and a beta of 0.62. The stock has a 50 day moving average price of $97.44 and a 200-day moving average price of $99.95. Philip Morris International has a one year low of $85.64 and a one year high of $112.48.
Philip Morris International (NYSE:PM - Get Rating) last issued 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 company had revenue of $7.83 billion during 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%. Philip Morris International's revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. As a group, equities analysts predict that Philip Morris International will post 5.95 EPS for the current fiscal year.
Philip Morris International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a $1.25 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $5.00 dividend on an annualized basis and a yield of 4.98%. Philip Morris International's dividend payout ratio is presently 85.91%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on PM shares. Bank of America upped their price target on shares of Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. Jefferies Financial Group reduced their price target on shares of Philip Morris International from $107.00 to $99.00 in a research report on Tuesday, July 19th. Morgan Stanley upped their price target on shares of Philip Morris International from $104.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. Finally, StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.33.