The company provided EPS guidance of $4.75-4.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.84.
PM stock was down 3% as of noon Thursday, but is up 18% year-to-date.
ILLEGAL ACTIVITY WARNING: "Amerigo Asset Management Purchases Shares of 1,780,000 Philip Morris International Inc (PM)" was first posted by StockNewsTimes and is owned by of StockNewsTimes. The stock has a 50-day moving average price of $114.38 and a 200 day moving average price of $115.78. State Street has invested 0.62% in Philip Morris International Inc.
Analysts await Philip Morris International Inc (NASDAQ:PM) to report earnings on Oct, 19 for the fiscal quarter ending Sep 2017. In the last earnings report the EPS was $4.51 and is projected to be $4.84 for the current year with 1,553,188,000 shares now outstanding. Iberiabank reported 1.38% of its portfolio in Philip Morris International Inc. The low EPS estimate is $0.92, while the high EPS estimate is $1.04. Philip Morris International's revenue for the quarter was up 4.0% on a year-over-year basis.
Philip Morris International Inc.'s outlook for the full year of 2017 also didn't do PM stock any favors today.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.80%. This is a boost from Philip Morris International's previous quarterly dividend of $1.04. Philip Morris International's dividend payout ratio is now 94.90%.
A number of brokerages have recently issued reports on PM. TheStreet raised shares of Philip Morris International from a c+ rating to a b- rating in a research report on Thursday, July 20th. SBG Securities raised Philip Morris International from a "sell" rating to a "hold" rating and upped their price target for the company from $118.00 to $119.00 in a report on Friday, August 11th. Goldman Sachs upgraded the stock to "Buy" rating in Monday, September 12 report. Philip Morris International has a 12-month low of $86.78 and a 12-month high of $123.55. During the same period in the previous year, the company earned $1.25 earnings per share.
Receive Philip Morris International Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc with MarketBeat.com's FREE daily email newsletter. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. (NYSE:PM) on Friday, September 22 with "Buy" rating.
In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business's stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company's stock. Capital Guardian Trust stated it has 1.52% of its portfolio in Philip Morris International Inc. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of US and worldwide trademark and copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/10/19/amerigo-asset-management-purchases-shares-of-1780000-philip-morris-international-inc-pm.html. Investors have been nervous about the prospect for losing what has been an extremely lucrative business for decades, but the company has been optimistic about the strong reception iQOS has gotten in key test markets and believes that it can use innovation to get past what it sees as a short-term bump in the road. Analysts set a 12-month price target of $5.79 a share. BlackRock Inc. now owns 91,796,829 shares of the company's stock valued at $10,781,538,000 after acquiring an additional 2,421,533 shares during the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at about $241,000. HighTower Advisors LLC now owns 514,313 shares of the company's stock worth $58,076,000 after acquiring an additional 7,050 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Philip Morris International by 19.3% during the second quarter. During the same quarter past year, the business earned $1.15 earnings per share.
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