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

Philip Morris International (NYSE:PM) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.200-2.25 for the period, compared to the consensus EPS estimate of 2.430. The company issued revenue guidance of -.

Philip Morris International Trading Down 1.6%

PM stock opened at $191.13 on Friday. The firm has a market cap of $297.89 billion, a PE ratio of 27.46, a PEG ratio of 2.29 and a beta of 0.38. Philip Morris International has a 1 year low of $142.11 and a 1 year high of $199.78. The company has a fifty day simple moving average of $182.72 and a 200 day simple moving average of $175.34.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 13.05% and a negative return on equity of 163.41%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts forecast that Philip Morris International will post 8.37 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. Stockholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is currently 82.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PM shares. 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. Stifel Nicolaus increased their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC lifted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.44.

Philip Morris International News Roundup

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

• Positive Sentiment: Philip Morris beat Q2 estimates, reporting adjusted EPS of $2.20 on revenue of $11.19 billion, both above expectations, while smoke-free products like IQOS, ZYN, and VEEV drove growth and margin expansion. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
• Positive Sentiment: Several analysts turned more constructive after the earnings release, including Stifel raising its price target to $205, Needham lifting its target to $215, and BTIG upgrading the stock to strong-buy. Analyst updates on Philip Morris price targets
• Positive Sentiment: The company’s smoke-free business continues to gain traction, with one report noting smoke-free products now make up 42% of revenue, supporting the long-term growth story. Philip Morris: The First $11 Billion Quarter Won’t Be The Last
• Neutral Sentiment: Management raised investment in ZYN and highlighted strong nicotine pouch momentum, which supports growth but also signals higher spending to sustain it. Philip Morris to lift Zyn investment, cigarette demand drives earnings beat
• Negative Sentiment: Philip Morris trimmed full-year EPS guidance, citing currency pressure and costs tied to Middle East conflict, which is weighing on enthusiasm despite the strong quarter. Philip Morris Trims Forecast on Currencies, Iran War Costs

Institutional Trading of Philip Morris International

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after purchasing an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new position in Philip Morris International in the second quarter worth $2,454,000. Finally, Osterweis Capital Management Inc. lifted its position in Philip Morris International by 2,280.0% in the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after purchasing an additional 342 shares during the period. 78.63% of the stock is owned by institutional investors.

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.