Philip Morris International (NYSE:PM) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.15. Philip Morris International also updated its FY 2019 guidance to $5.14-5.14 EPS.
Shares of NYSE PM opened at $88.73 on Friday. The company has a market cap of $138.05 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. Philip Morris International has a 12-month low of $64.67 and a 12-month high of $92.74. The business has a 50 day moving average of $79.17.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.13. The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.42 billion. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. Equities research analysts expect that Philip Morris International will post 5.24 earnings per share for the current year.
Several analysts recently issued reports on PM shares. Barclays raised their price target on from $65.00 to $100.00 and gave the stock an overweight rating in a report on Friday. Bank of America set a $120.00 price target on Walmart and gave the stock a buy rating in a report on Friday, May 17th. Citigroup raised their price target on Philip Morris International from $90.00 to $102.00 and gave the stock a buy rating in a report on Monday, March 25th. ValuEngine downgraded United Rentals from a sell rating to a strong sell rating in a report on Thursday. Finally, Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a buy rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $93.00.
In other news, Director Louis C. Camilleri sold 70,000 shares of Philip Morris International stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total transaction of $5,847,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mario Masseroli sold 1,200 shares of Philip Morris International stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $84.32, for a total value of $101,184.00. The disclosure for this sale can be found here. Insiders have acquired a total of 4,000 shares of company stock worth $331,705 in the last ninety days. 0.21% of the stock is owned by company insiders.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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