Philip Morris International (NYSE:PM) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Philip Morris International (NYSE:PM) released its quarterly earnings results on Wednesday. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.04 by $0.16, FiscalAI reports. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.61 billion. Philip Morris International updated its Q3 2026 guidance to 2.200-2.25 EPS.

Philip Morris International Price Performance

PM opened at $188.03 on Wednesday. Philip Morris International has a 12 month low of $142.11 and a 12 month high of $194.90. The stock has a market capitalization of $293.06 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.27 and a beta of 0.38. The business has a fifty day moving average price of $182.60 and a 200 day moving average price of $174.88.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is 82.70%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. BTIG Research began coverage on Philip Morris International in a research report on Tuesday. They issued a “buy” rating and a $216.00 target price for the company. UBS Group increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Stifel Nicolaus lowered their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Morgan Stanley lifted their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.00.

Institutional Investors Weigh In On Philip Morris International

A number of hedge funds have recently bought and sold shares of PM. Compound Planning Inc. grew its holdings in Philip Morris International by 18.6% during the 4th quarter. Compound Planning Inc. now owns 18,066 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,830 shares in the last quarter. TMB Capital Partners LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth $288,000. Axxcess Wealth Management LLC grew its stake in shares of Philip Morris International by 3.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 32,811 shares of the company’s stock worth $5,263,000 after purchasing an additional 1,186 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Philip Morris International by 13.8% during the fourth quarter. Corient Private Wealth LLC now owns 592,394 shares of the company’s stock worth $95,020,000 after purchasing an additional 71,996 shares in the last quarter. Finally, Ameriflex Group Inc. increased its holdings in Philip Morris International by 36.7% in the fourth quarter. Ameriflex Group Inc. now owns 4,325 shares of the company’s stock valued at $694,000 after buying an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International News Roundup

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris posted second-quarter adjusted EPS of $2.20, ahead of the $2.04 consensus, and revenue of $11.19 billion versus $10.61 billion expected, signaling solid operational execution. Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;
• Positive Sentiment: The company said international business growth and the U.S. Zyn portfolio boosted sales, suggesting continued momentum in smoke-free and next-generation products. Philip Morris Sales Boosted by Growth in International Business
• Positive Sentiment: Management updated third-quarter guidance to EPS of $2.20 to $2.25, reinforcing confidence in near-term earnings power and dividend support. Philip Morris (PM) Q2 Earnings: What To Expect
• Neutral Sentiment: Some commentary focused on whether Philip Morris can sustain its dividend momentum, which is important for income investors but does not directly change the company’s operating outlook. Can Philip Morris International (NYSE:PM) Sustain Its Dividend Momentum?
• Neutral Sentiment: One market note said the stock underperformed peers on Tuesday, but this appears to be a relative trading comment rather than a new fundamental development. Philip Morris International Inc. stock underperforms Tuesday when compared to competitors
• Negative Sentiment: Although the quarter beat expectations, reported diluted EPS fell 7.7% to $1.80, and the third-quarter guide came in below the market’s EPS estimate, which could weigh on sentiment. Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.