Philip Morris International (PM) to Release Quarterly Earnings on Thursday

Source from:  Dakota Financial News 10/15/2015

Philip Morris International (NYSE:PM) is set to issue its Q315 quarterly earnings data on Thursday, October 15th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $6.76 billion for the quarter. Philip Morris International has set its FY15 guidance at $4.32-4.42 EPS.Parties interested in participating in the company's conference call can do so using this link.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, July 16th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.13 by $0.08. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.73 billion. The business's revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, analysts expect Philip Morris International to post $4.39 EPS for the current fiscal year and $4.65 EPS for the next fiscal year.

Shares of Philip Morris International (NYSE:PM) opened at 84.41 on Wednesday. The company has a market capitalization of $130.77 billion and a PE ratio of 17.66. Philip Morris International has a 52-week low of $75.27 and a 52-week high of $90.25. The firm's 50-day moving average price is $80.49 and its 200 day moving average price is $82.21.

The firm also recently announced a dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, September 28th.

Several analysts have recently issued reports on PM shares. Zacks raised shares of Philip Morris International from a "hold" rating to a "buy" rating and set a $91.00 price objective on the stock in a research report on Monday, July 6th. Wells Fargo restated an "outperform” rating on shares of Philip Morris International in a research note on Friday, July 17th. Vetr upgraded shares of Philip Morris International from a "buy" rating to a "strong-buy" rating and set a $92.62 price objective on the stock in a research note on Monday, August 24th. Nomura decreased their target price on shares of Philip Morris International from $81.00 to $80.00 and set a "reduce" rating for the company in a research report on Friday, October 9th. Finally, Morgan Stanley decreased their price target on shares of Philip Morris International from $90.00 to $88.00 in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of "Hold" and an average price target of $80.42.

In related news, CEO Andre Calantzopoulos sold 25,000 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $85.37, for a total transaction of $2,134,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Business 's products can be purchased in more than 180 markets, which include an assortment of international and local, premium, mid-cost and low-cost brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid- cost brands are L&M and Chesterfield, and international brands comprise Bond Street White &, Lark, Muratti, Next, Philip Morris and Red. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Light in Indonesia; Fortune, Champ and Hope in the Philippines; Diana in Italy; Optima and Apollo Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia. Enditem