Philip Morris International Inc. (PM)
| Market Cap | 147.51B |
| Revenue (ttm) | 35.17B |
| Net Income (ttm) | 7.81B |
| Shares Out | 1.55B |
| EPS (ttm) | 5.02 |
| PE Ratio | 18.93 |
| Forward PE | 14.36 |
| Dividend | $5.20 (5.47%) |
| Ex-Dividend Date | Mar 20, 2024 |
| Volume | 4,757,529 |
| Open | 95.80 |
| Previous Close | 96.09 |
| Day's Range | 94.94 - 96.62 |
| 52-Week Range | 87.23 - 100.79 |
| Beta | 0.64 |
| Analysts | Buy |
| Price Target | 103.78 (+9.22%) |
| Earnings Date | Apr 23, 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 $7.81 billion, a decrease of -13.65%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for PM stock is "Buy." The 12-month stock price forecast is $103.78, which is an increase of 9.22% from the latest price.
News
Philip Morris' stock slips after profit beats expectations but outlook misses
Shares of Philip Morris International Inc. PM, +0.31% fell 0.7% in premarket trading Tuesday, putting it on track to snap a five-day win streak, after the seller of cigarettes and heated tobacco units...
Philip Morris International Reports First-Quarter 2024 Results and Updates Full Year Guidance
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2024 first-quarter results1. "The strength of our first-quarter results with excel...
America's Cigarette Market Is Up for Grabs
Philip Morris will soon be able to sell its most successful smoke-free product in the U.S., setting up a battle with its former parent company Altria.
Philip Morris International to Host Webcast of 2024 First-Quarter Results
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2024Q1earnings on Tuesday, April 23, 2024, at 9:00 a.m. ...
Exclusive: Philip Morris nears Texas launch of flagship heated tobacco device
Philip Morris International is preparing to launch its flagship heated tobacco device IQOS in Austin, Texas, indicating it will be the first testing ground for its U.S. entry, job adverts on LinkedIn ...
Philip Morris International Demonstrates Clear Progress Toward Its Purpose as It Releases 2023 Integrated Report
STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) today releases its fifth annual Integrated Report, which outlines the company's ongoing work to advance toward its 2025...
Philip Morris International Names New External Affairs Leader
STAMFORD, Conn--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) is pleased to announce the appointment of Christos Harpantidis to the position of Senior Vice President, External Aff...
Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future
LAUSANNE, Switzerland--(BUSINESS WIRE)--Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future.
Daily Dividend Report: GD, Amgen, American Express, Philip Morris, KAI
The board of directors of General Dynamics today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable May 10, 2024, to shareholders of record on April 12, 20...
Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.30 Per Share
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Philip Morris International Inc. (NYSE: PM) today declared a regular quarterly dividend of $1.30 per common share, payable on ...
Philip Morris International's U.S. Business Champions Female Economic Growth in Connecticut with Record-Setting $5 Million Investment Through New Partnership with Women's Business Development Council
STAMFORD, Conn.--(BUSINESS WIRE)--Today, Philip Morris International (PMI) (NYSE: PM) announces the launch of an extended partnership via its U.S. business to support female empowerment with a record-...
Philip Morris International Presents at 2024 CAGNY Conference; Reaffirms 2024 Full-Year Forecast for Reported Diluted EPS of $5.90 to $6.02 and Adjusted Diluted EPS of $6.32 to $6.44, Representing Currency-Neutral Growth of 7% to 9%
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.'s (PMI) (NYSE: PM) Chief Executive Officer, Jacek Olczak and Chief Financial Officer, Emmanuel Babeau, will address in...
Should You Pick Philip Morris Stock After 7% Fall This Year And Q4 Miss?
Philip Morris (NYSE: PM) reported its Q4 results last week, with revenues falling slightly above but earnings missing the street estimates. Although PM stock has fallen around 7% so far this year, we ...
Philip Morris International to Present at 2024 CAGNY Conference
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast of a presentation by Jacek Olczak, Chief Executive Officer, and Emmanue...
What Zyn's explosive growth means for Philip Morris
Matthew Smith, Stifel analyst, joins 'The Exchange' to discuss what Zyn's explosive growth means for tobacco giant Philip Morris International, his expectations for the company, and more.
Philip Morris CEO on Q4 earnings
Philip Morris CEO Jacek Olczak joins 'Money Movers' to discuss the company's quarterly earnings results, the growth prospects for Zyn, and whether the smoke-free market is growing.
Philip Morris International net income drops as earnings and outlook fall short
Philip Morris International Inc.'s stock PM, -0.24% was down by 0.5% in premarket trading on Thursday after the cigarette maker reported a 1.2% drop in fourth-quarter net income, while its cigarette s...
Philip Morris International Reports 2023 Fourth-Quarter and Full-Year Results; Delivers 2023 Full-Year Reported Diluted EPS of $5.02 and Adjusted Diluted EPS of $6.01, Representing Currency-Neutral Growth of 11.0%; Provides 2024 EPS Forecast
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2023 fourth-quarter and full-year results. Further explanation of PMI's use of non...
Philip Morris International Received Fourth Consecutive CDP ‘Triple-A' Rating for Climate, Forest, and Water
STAMFORD, CT--(BUSINESS WIRE)--For the fourth consecutive year, Philip Morris International Inc. (PMI) (NYSE: PM) has received a “triple-A” rating from CDP for its disclosures on climate change, fores...
BAT, Philip Morris settle patent litigations over heated tobacco, vapes
British American Tobacco and Philip Morris International Inc have reached a global settlement resolving all ongoing patent infringement litigations between them related to heated tobacco and vapour pr...
PMI and BAT Announce Global Patent Settlement
STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc (PMI) (NYSE: PM) is pleased to announce that it has reached a global settlement with British American Tobacco p.l.c. (BAT) that resolves ...
Philip Morris International to Host Webcast of 2023 Fourth-Quarter and Full-Year Results
STAMFORD, Conn.--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2023Q4earnings on Thursday, February 8, 2024, at 9:00...
Philip Morris International Discusses Its Marketing Practices
STAMFORD, Conn.--(BUSINESS WIRE)--Moira Gilchrist, Global Chief Communications Officer at Philip Morris International (PMI), clarifies company's marketing practices and facts related to ZYN nicotine p...
A New Power Rises: White Paper from Philip Morris International Examines Societal Impact of the Fifth Estate
LAUSANNE, Switzerland--(BUSINESS WIRE)--A white paper and survey released today by Philip Morris International Inc. (PMI) (NYSE: PM) examine the increasing influence of the Fifth Estate on public disc...