Philip Morris International Inc (NYSE: PM) has reported E.P.S. of $1.54 for its second fiscal quarter (ending June 30) versus $1.01 for the same period a year ago — an increase of 52%. Relative to the consensus estimate of $1.59, this was a shortfall of $-0.05. For the latest four quarters through June 30, E.P.S. were $5.65 compared to $5.17 a year ago — an increase of 9%.
Recent Price Action
Philip Morris International Inc (NYSE: PM) stock closed at $109.56 on 7/23/24 after a large increase of 2.2%. Moreover, trading volume in this advance was unusually high at 159% of normal. The stock has risen 4.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PM is expected to be an important Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Philip Morris is currently unrated.
Rating Review
The stock is currently unrated.
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