In the same period a year ago, the company reported EPS of $0.98 on $6.08 billion in revenues. During the same period previous year, the business earned $0.98 EPS. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
Philip Morris shareholders were nervous about the news, and that's a big part of why the stock fell almost 4% during the trading session following the morning announcement. The ex-dividend date was Tuesday, March 21st. Analysts polled by FactSet expect earnings of $4.88 per share. Philip Morris International's dividend payout ratio (DPR) is now 92.86%. In support of these decisions, the company recently announced its decision to convert its cigarette factory in Greece to a heated tobacco unit production facility.
Now the P/E of Philip Morris International, Inc. stands at 24.55. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
At least that appears to be the sentiment today, as shares of Philip Morris have dropped more than 3% this morning after reporting an adjusted first-quarter profit of 98 cents, missing forecasts for $1.03 a share, and offering full year guidance for $4.48 a share, below the consensus for $4.88. If you are reading this report on another domain, it was illegally copied and reposted in violation of US and worldwide copyright and trademark law.
Since the start of the New Year, Philip Morris International Inc. BlackRock Institutional Trust Company N.A. now owns 39,355,323 shares of the company's stock worth $3,826,125,000 after buying an additional 163,627 shares in the last quarter.
Parsley Energy, Inc. (PE) now has the market capitalization of $8.15 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 3.15% and monthly volatility of 2.68% respectively. The 12-month consensus price target was $115.53 before this report. Howard Capital Management boosted its stake in Philip Morris International by 2.0% in the third quarter. The shares were sold at an average price of $102.65, for a total value of $3,592,750.00. (NYSE:PM) is set to report quarterly earnings on 4/20/2017 8:30:00 AM. Following the completion of the transaction, the chief executive officer now directly owns 787,671 shares in the company, valued at approximately $80,854,428.15. This is down 3.1% when compared to the cigarette company's operating income from the same period of the year prior. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company's stock.
A number of large investors have recently made changes to their positions in PM. The strong performance in Sendai in particular demonstrates the growing potential of the heat-not-burn technology products in Japan. iQOS has now been launched in 24 markets globally, following the city launches in Colombia and Lithuania during the first quarter, and in Poland and Serbia earlier this month. (NYSE:PM) increased the target price from $108.00 to $135.00 that suggested an upside of 0.19%.