Philip Morris International Inc (NYSE:PM) – Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Philip Morris International in a research report issued on Thursday. Jefferies Group analyst O. Bennett now anticipates that the company will post earnings per share of $4.82 for the year, down from their previous forecast of $4.86. Jefferies Group has a “Hold” rating and a $120.00 price target on the stock. Jefferies Group also issued estimates for Philip Morris International’s FY2018 earnings at $5.48 EPS and FY2020 earnings at $6.05 EPS.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis.

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Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr upgraded shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price objective on the stock in a report on Monday, June 26th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $122.79.

Philip Morris International (PM) opened at 115.54 on Monday. The stock’s 50 day moving average is $116.89 and its 200 day moving average is $114.25. Philip Morris International has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market capitalization of $179.46 billion, a PE ratio of 25.60 and a beta of 0.93.

A number of institutional investors have recently bought and sold shares of PM. Vanguard Group Inc. raised its position in Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the last quarter. BlackRock Inc. raised its position in Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. State Street Corp raised its position in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the last quarter. FMR LLC raised its position in Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Philip Morris International by 2.9% in the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after buying an additional 210,869 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Earnings History and Estimates for Philip Morris International (NYSE:PM)

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