Analysts Update Expectations for Philip Morris Ahead of Earnings

Philip Morris International Inc. Q2 Earnings Awaited
Philip Morris International Inc. (PM) is poised to unveil its earnings results for the second quarter soon. Investors are particularly excited as anticipation builds up around this major event.
Projected Earnings and Revenue Growth
Analysts forecast that the company, headquartered in Stamford, Connecticut, will announce earnings of approximately $1.86 per share. This represents an increase from the $1.59 per share reported during the same period last year. Furthermore, the revenue is expected to reach $10.33 billion, showcasing growth compared to $9.47 billion reported a year prior.
Dividend Declaration and Stock Movement
In a noteworthy event earlier this month, Philip Morris declared a regular quarterly dividend of $1.35 per share, reflecting its continued commitment to return value to shareholders. Following the announcement, shares of the company saw a slight increase, ending the trading day at $180.48, up 1%.
Analysts' Ratings and Price Targets
Different financial institutions have reassessed their ratings and price targets for the company in light of the upcoming earnings report. Citigroup's analyst Simon Hales has given a Buy rating and increased the price target from $188 to $200. Analyst Jared Dinges from JP Morgan has also raised his target from $175 to $190, maintaining an Overweight rating for the stock. Additionally, Barclays’ analyst Gaurav Jain increased the price target to $225 from $220, indicating continued confidence in the company’s prospects.
More Insights from Analysts
As part of the analyst coverage, B of A Securities’ Lisa Lewandowski has given a Buy rating, increasing the target price from $182 to $200. Stifel's Matthew Smith maintained a Buy rating while also raising the target from $168 to $186. These upward adjustments in price targets signaling optimism among market analysts reflect the positive outlook for Philip Morris.
Investment Considerations
With these upgrades and the upcoming earnings announcement, investors may find it an opportune moment to evaluate their positions in PM stock. Analysts are optimistic regarding Philip Morris’ strategies and performance, which can lead to favorable outcomes in the near term.
Frequently Asked Questions
What are the expected earnings for Philip Morris in Q2?
Analysts expect the company to report earnings of $1.86 per share.
How much revenue is Philip Morris projected to generate?
The revenue is projected at $10.33 billion, indicating growth from the previous year.
What is the current dividend per share for Philip Morris?
The company has declared a dividend of $1.35 per share for the current quarter.
What are the recent price targets set by analysts for PM?
Analysts have set various price targets, with Citigroup and Barclays raising theirs to $200 and $225, respectively.
How did Philip Morris stock perform recently?
The stock closed at $180.48, showing an increase of 1% in its last trading session.
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