Philip Morris International (NYSE:PM – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09, Briefing.com reports. Philip Morris International had a negative return on equity of 117.94% and a net margin of 12.10%. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the business earned $1.67 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Philip Morris International updated its FY 2024 guidance to 6.450-6.510 EPS and its FY24 guidance to $6.45-6.51 EPS.
Philip Morris International Trading Up 1.1 %
Shares of NYSE:PM opened at $132.79 on Friday. Philip Morris International has a 1-year low of $87.23 and a 1-year high of $132.90. The firm has a market capitalization of $206.46 billion, a PE ratio of 21.08, a PEG ratio of 2.57 and a beta of 0.55. The business’s 50 day moving average is $121.97 and its 200-day moving average is $109.28.
Philip Morris International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on PM
Insider Transactions at Philip Morris International
In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.
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.
Further Reading
- Five stocks we like better than Philip Morris International
- ESG Stocks, What Investors Should Know
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- With Risk Tolerance, One Size Does Not Fit All
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- How to Calculate Retirement Income: MarketBeat’s Calculator
- The Downtrend in UPS Stock Isn’t Over Yet
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.