Philip Morris International (PM) Expected to Announce Earnings on Thursday

Philip Morris International (NYSE:PMGet Free Report) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Philip Morris International to post earnings of $1.49 per share and revenue of $9.54 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Philip Morris International Stock Performance

Philip Morris International stock opened at $129.62 on Thursday. Philip Morris International has a 52 week low of $87.82 and a 52 week high of $134.15. The firm has a market capitalization of $201.53 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a 50 day moving average price of $125.26 and a 200 day moving average price of $122.59.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.17%. Philip Morris International’s payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

PM has been the subject of several research analyst reports. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup upped their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Read Our Latest Analysis on PM

Philip Morris International Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Philip Morris International (NYSE:PM)

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