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

Philip Morris International (NYSE:PM - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.61 per share and revenue of $9.10 billion for the quarter. Philip Morris International has set its FY 2025 guidance at 7.040-7.170 EPS and its Q1 2025 guidance at 1.580-1.630 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, analysts expect Philip Morris International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Philip Morris International Price Performance

Shares of PM traded up $2.60 on Friday, reaching $163.08. 7,543,615 shares of the stock traded hands, compared to its average volume of 5,595,825. The firm has a market cap of $253.83 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International has a 12 month low of $91.38 and a 12 month high of $165.00. The stock's 50-day moving average price is $153.80 and its 200-day moving average price is $135.92.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is 119.73%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.78.

Insider Buying and Selling at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On Philip Morris International

A hedge fund recently raised its stake in Philip Morris International stock. Brighton Jones LLC boosted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 31.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,531 shares of the company's stock after purchasing an additional 2,023 shares during the period. Brighton Jones LLC's holdings in Philip Morris International were worth $1,027,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 78.63% of the company's stock.

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.