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

Philip Morris International (NYSE:PM) is expected 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Philip Morris International Stock Performance

Shares of PM opened at $129.62 on Thursday. The company has a market capitalization of $201.53 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.01 and a beta of 0.54. Philip Morris International has a 1 year low of $87.82 and a 1 year high of $134.15. The company’s 50 day simple moving average is $125.26 and its 200 day simple moving average is $122.59.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PM. Citigroup lifted their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. UBS Group raised their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating 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 set an “overweight” rating and a $140.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Barclays reduced their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

About Philip Morris International

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.