Philip Morris International (NYSE:PM) Releases FY 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 8.260-8.41 for the period, compared to the consensus EPS estimate of 8.400. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Needham & Company LLC upped their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group raised their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Stock Performance

Philip Morris International stock traded down $0.87 during mid-day trading on Friday, hitting $191.13. The company’s stock had a trading volume of 5,442,648 shares, compared to its average volume of 4,847,224. The company has a 50 day moving average of $183.37 and a 200-day moving average of $176.77. The stock has a market cap of $297.90 billion, a PE ratio of 27.46, a P/E/G ratio of 2.32 and a beta of 0.38. Philip Morris International has a one year low of $142.11 and a one year high of $207.76.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts forecast that Philip Morris International will post 8.33 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is 84.48%.

Institutional Trading of Philip Morris International

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in Philip Morris International by 12.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,161,027 shares of the company’s stock valued at $2,271,430,000 after purchasing an additional 1,569,685 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of Philip Morris International by 6,821.6% in the 3rd quarter. Nomura Holdings Inc. now owns 1,490,777 shares of the company’s stock valued at $241,804,000 after buying an additional 1,469,239 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Philip Morris International by 35.8% in the 4th quarter. Federated Hermes Inc. now owns 3,851,091 shares of the company’s stock worth $617,715,000 after buying an additional 1,014,263 shares during the last quarter. Viking Global Investors LP grew its position in shares of Philip Morris International by 28.1% in the 3rd quarter. Viking Global Investors LP now owns 4,426,128 shares of the company’s stock worth $717,918,000 after buying an additional 971,942 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Philip Morris International by 12.7% during the 3rd quarter. Boston Partners now owns 7,019,625 shares of the company’s stock worth $1,136,402,000 after acquiring an additional 791,681 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

About Philip Morris International

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.