worth buying post Earnings results? Philip Morris International (NYSE:PM)

Earnings results for Philip Morris International (NYSE:PM)

Philip Morris International Inc is expected* to report earnings on 10/19/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.54. The reported EPS for the same quarter last year was $1.42.

Philip Morris International last released its earnings data on July 19th, 2021. The reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.02. The company earned $7.84 billion during the quarter, compared to the consensus estimate of $7.71 billion. Its quarterly revenue was up 17.9% compared to the same quarter last year. Philip Morris International has generated $5.17 earnings per share over the last year ($5.69 diluted earnings per share) and currently has a price-to-earnings ratio of 16.8. Earnings for Philip Morris International are expected to grow by 9.88% in the coming year, from $6.07 to $6.67 per share. Philip Morris International has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021.

Analyst Opinion on Philip Morris International (NYSE:PM)

According to the issued ratings of 9 analysts in the last year, the consensus rating for Philip Morris International stock is Buy based on the current 4 hold ratings and 5 buy ratings for PM. The average twelve-month price target for Philip Morris International is $102.73 with a high price target of $120.00 and a low price target of $80.00.

on PM’s analyst rating history

Philip Morris International has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $102.73, Philip Morris International has a forecasted upside of 7.7% from its current price of $95.35. Philip Morris International has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Philip Morris International (NYSE:PM)

Philip Morris International is a leading dividend payer. It pays a dividend yield of 5.23%, putting its dividend yield in the top 25% of dividend-paying stocks. Philip Morris International has only been increasing its dividend for 1 years. The dividend payout ratio of Philip Morris International is 96.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Philip Morris International will have a dividend payout ratio of 74.96% next year. This indicates that Philip Morris International will be able to sustain or increase its dividend.

Insiders buying/selling: Philip Morris International (NYSE:PM)

In the past three months, Philip Morris International insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,176,410.00 in company stock. Only 0.21% of the stock of Philip Morris International is held by insiders. 75.05% of the stock of Philip Morris International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Philip Morris International (NYSE:PM

Earnings for Philip Morris International are expected to grow by 9.88% in the coming year, from $6.07 to $6.67 per share. The P/E ratio of Philip Morris International is 16.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.71. The P/E ratio of Philip Morris International is 16.76, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 40.77. Philip Morris International has a PEG Ratio of 1.95. PEG Ratios above 1 indicate that a company could be overvalued.

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