Philip Morris International Inc (NYSE:PM) manufactures and sells cigarettes, other tobacco products, is expected to report third quarter earnings results, before market open, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.36 per share.
Looking ahead, the full year income are expected at $ 5.09 per share on the revenues of $ 28603.30 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.00 ~ $ 5.07 per share
Click Here For More Historical Outlooks Of Philip Morris International Inc
Previous Quarter Performance
Philip Morris International Inc communicated income for the second quarter of $ 1.25 per share, from the revenue of $ 6,651.00 million, On adjusted basis, PM reported income for the quarter of $ 1.29 per share. The quarterly earnings fell 16.11 percent while revenues down 13.61 percent compared with the same quarter last year. Wall street analysts are predicting, PM to report 2Q20 income of $ 1.10 per share from revenue of $ 6498.48 million. The bottom line results beat street analysts by $ 0.19 or 17.27 percent, at the same time, top line results outshined analysts by $ 152.52 million or 2.35 percent.
Stock Performance
Shares of Philip Morris International Inc traded low $ -1.29 or -1.63 percent on Monday, reaching $ 77.98 with volume of 4.67 million shares. Philip Morris International Inc has traded high as $ 79.36 and has cracked $ 77.69 on the downward trend
According to the previous trading day, closing price of $ 77.98, representing a 41.53 % increase from the 52 week low of $ 56.01 and a 12.09 % decrease over the 52 week high of $ 90.17.
The company has a market capital of $ 121.44 billion and is part of the Consumer Defensive sector and Tobacco industry.
Recent Analyst recommendations
- On 7th October 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 100.00 target price.
- On 11th September 2020, maintained by Bank of America at Buy rating, with $ 92.00 target price.
Conference Call
Philip Morris International Inc will be hosting a conference call at 9:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pmi.com
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. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands.
