Philip Morris International (PM) to Release Earnings on Thursday

Philip Morris International (NYSE:PM - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.49 per share and revenue of $9.54 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.84 during midday trading on Thursday, hitting $130.43. The company's stock had a trading volume of 1,450,961 shares, compared to its average volume of 4,793,006. Philip Morris International has a 12-month low of $87.82 and a 12-month high of $134.15. The company has a market cap of $202.79 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The business's 50 day simple moving average is $125.24 and its 200 day simple moving average is $122.63.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PM shares. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. Barclays cut their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus reiterated a "buy" rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Citigroup increased their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.35.

Philip Morris International Company Profile

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.