Philip Morris International Inc. (PM)
| Market Cap | 202.73B |
| Revenue (ttm) | 37.22B |
| Net Income (ttm) | 9.81B |
| Shares Out | 1.55B |
| EPS (ttm) | 6.30 |
| PE Ratio | 20.70 |
| Forward PE | 18.47 |
| Dividend | $5.40 (4.14%) |
| Ex-Dividend Date | Sep 26, 2024 |
| Volume | 4,172,587 |
| Open | 129.62 |
| Previous Close | 129.54 |
| Day's Range | 128.84 - 131.24 |
| 52-Week Range | 87.82 - 134.15 |
| Beta | 0.56 |
| Analysts | Buy |
| Price Target | 125.13 (-4.03%) |
| Earnings Date | Oct 22, 2024 |
About PM
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. It also offers wellness and healthcare products. Philip Morris International Inc. was incorporat... [Read more]
Financial Performance
In 2023, PM's revenue was $35.17 billion, an increase of 10.74% compared to the previous year's $31.76 billion. Earnings were $7.79 billion, a decrease of -13.66%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for PM stock is "Buy." The 12-month stock price forecast is $125.13, which is a decrease of -4.03% from the latest price.
News
Dividend Income: Lanny's October 2024 Summary
Big Oil with BHP Billiton came big with a massive dividend. Canadian Imperial, one of the big 6 Canadian banks, sent a massive $210 dividend my way. There are a few less names now in 2024 than 2023, s...
FDA Reauthorizes Swedish Match's General snus as a Modified Risk Tobacco Product
STAMFORD, Conn.--(BUSINESS WIRE)--The U.S. Food and Drug Administration (FDA) authorized a renewal of a risk modification order submitted by Swedish Match USA, Inc. (Swedish Match), an affiliate of Ph...
4 October Dividend Raises: Biggest 10.6% From Mondelez, Largest Yield From Altria 7.5%.
Dividend Raises: Four companies in my "Rose's Income Garden" portfolio raised dividends, with Mondelez leading at 10.6% and Altria offering the highest yield at 7.5%. Investment Analysis: Philip Morri...
Philip Morris: King Of The Tobacco Jungle - Minimal Upside/ Dividends Here
PM has reported another beat and raise performance in FQ3'24, with it contributing to the immense rally observed in its stock prices. Much of its tailwinds are attributed to the growing combustibles v...
Philip Morris: The Strategy Is Finally Paying Off
Philip Morris's strategic pivot to less toxic tobacco products, including ZYN nicotine pouches, is paying off. ZYN's popularity is surging despite regulatory scrutiny and supply constraints. Nicotine ...
Philip Morris: This 4% Yield Is A Hold
Philip Morris International hit a new all-time high after a strong Q3 earnings report, driven by double-digit net revenue growth and raised FY 2024 guidance. The company's non-traditional products, es...
Philip Morris' Q3 Driven By Smoke-Free Products Amid Rising Market Share In Key Regions: Analyst Forecasts Growth Across IQOS And ZYN Brands
Stifel analyst Matthew E. Smith reiterated a Buy rating on Philip Morris International Inc PM, raising the price forecast to $145 from $138.
Philip Morris International Pops; Yield Drops
PM reported its eleventh earnings triple play in its history and the first since February 2023. Given the size of yesterday's move higher, PM's dividend yield dropped from 4.54% on Monday to 4.15% on ...
Huge sales of the nicotine patch Zyn have sent Philip Morris's stock to an all-time high
Philip Morris International stock surged 10% after strong Q3 revenue and profit guidance. Zyn nicotine pouch sales grew 41% in the US in the third quarter.
Philip Morris' Raised Guidance Suggests Good Visibility: Goldman Sachs Analyst
On Tuesday, Philip Morris International Inc. PM reported third-quarter revenue of $9.91 billion, up 8.4% year over year, beating the consensus of $9.69 billion.
Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
The company's stock was tracking for a record close and clinched a fresh intraday record.
Philip Morris Stock Surges to All-Time High on Better-Than-Expected Earnings, Outlook
Philip Morris International (PM) shares climbed to an all-time high Tuesday after the tobacco giant posted better-than-expected results and raised its outlook on soaring demand for its non-cigarette p...
Philip Morris International Inc. (PM) Q3 2024 Earnings Call Transcript
Philip Morris International Inc. (NYSE:PM) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants James Bushnell – Vice President-Investor Relations and Financial Communica...
Philip Morris CEO weighs in on Q3 results
Jacek Olczak, Philip Morris CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, what's driving the accelerated demand growth, and the company's margin picture.
Philip Morris raises annual profit forecast on strong demand for nicotine pouches
Philip Morris International raised its annual profit forecast after beating third-quarter estimates on Tuesday, betting on higher prices and resilient demand for its heated tobacco products and ZYN ni...
Philip Morris International Reports 2024 Third-Quarter & First Nine-Months Results; Raises 2024 Guidance for Reported Diluted EPS to $6.20 - $6.26 and Adjusted Diluted EPS to $6.45 - $6.51
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2024 third-quarter and first nine-months results.1 “In the third quarter, we deliv...
Philip Morris Can Slide Even After Strong Q3 2024 Numbers (Rating Downgrade)
Philip Morris is expected to see healthy EPS growth in the upcoming results, even as revenue growth can soften. But it's hard to make a short-to-medium term Buy case for it considering its strong pric...
Court-Appointed Mediator Proposes CCAA Plan to Resolve Tobacco Product-Related Claims and Litigation in Canada
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) has been informed by its deconsolidated Canadian affiliate, Rothmans, Benson & Hedges Inc. (RBH), that the court-...
Philip Morris: Q3 Preview, Once In A Generation Product With Zyn
Philip Morris is shifting from cigarettes to smokeless products like Zyn, driving growth and justifying a continued strong buy. The company's new Colorado factory and $800 million investment highlight...
The Big 3: AAPL, HLT, PM
Today's Big 3 focuses on big companies that may signal consumer health. Aquiles Larrea joins Rick Ducat and Nicole Petallides to break down the technical trends in Apple (AAPL), Hilton (HLT), and Phil...
Eyeing Dividend Growers With Unusual Earnings Dates
The third-quarter earnings season is off and running as stocks hold near highs. Shareholder returns via dividends and buybacks are in focus. We highlight three upcoming reporters with unusual earnings...
Philip Morris Is Only Getting Started: Earnings Preview
Philip Morris has outperformed the S&P 500 with a 32% YTD return, driven by strong sales of HTUs and ZYN nicotine pouches. Despite this performance, the stock trades at a 24% valuation discount to SPY...
Philip Morris International to Host Webcast of 2024 Third-Quarter and First Nine-Months Results
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2024Q3earnings on Tuesday, October 22, 2024, at 9:00 a.m...
Building A Portfolio Of Leaders With Philip Morris
PM is set to enhance its leadership position on the 'moving beyond smoking' front. PM is increasing its activity in the US, which is likely to hurt competition, including MO. The Company outpaces othe...
Philip Morris International Will Likely Hurt Altria Group's Smoke-Free Business
Altria Group lags in transitioning to smoke-free products, with only 13% of revenue from non-combustibles compared to Philip Morris International's 38%. Philip Morris International is expanding its US...