Philip Morris International (NYSE:PM) Issues Q3 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.290-2.340 for the period, compared to the consensus EPS estimate of 2.250. The company issued revenue guidance of -.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Needham & Company LLC raised their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus raised their price objective 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. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group boosted their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Barclays raised their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.89.

Philip Morris International Price Performance

NYSE PM opened at $189.79 on Friday. The company has a fifty day moving average of $188.40 and a two-hundred day moving average of $178.82. The company has a market capitalization of $295.81 billion, a PE ratio of 27.27, a P/E/G ratio of 2.36 and a beta of 0.37. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $207.76.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations 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 was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, research analysts expect that Philip Morris International will post 8.48 earnings per share for the current year.

Institutional Inflows and Outflows

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

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.