Philip Morris International (NYSE:PM) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.21. Philip Morris International also updated its FY 2019
Pre-Market guidance to 5.16-5.16 EPS.

Shares of PM opened at $82.28 on Tuesday. The company’s fifty day moving average price is $82.32 and its 200-day moving average price is $80.19. Philip Morris International has a 1-year low of $64.67 and a 1-year high of $92.74. The firm has a market capitalization of $128.52 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.08. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The company had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter last year, the business posted $1.44 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International will post 5.22 EPS for the current fiscal year.

Several equities analysts recently issued reports on PM shares. Credit Suisse Group set a $80.00 target price on Philip Morris International and gave the stock a sell rating in a research note on Wednesday, August 28th. Stifel Nicolaus reiterated a buy rating on shares of Philip Morris International in a report on Tuesday, October 15th. Bank of America raised Philip Morris International from a neutral rating to a buy rating and set a $96.00 target price on the stock in a research report on Tuesday, October 1st. Wells Fargo & Co decreased their target price on Philip Morris International from $102.00 to $100.00 and set an outperform rating for the company in a research note on Friday, October 18th. Finally, Citigroup downgraded Philip Morris International from a buy rating to a neutral rating and set a $90.00 price target for the company. in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $92.27.

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

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