Philip Morris International (PM) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. PM said it had a profit of $1.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.23. The company posted revenue of $6982.00 million in the period, compared to analysts expectations of $6975.30 million. PM’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.
Many Wall Street Analysts have commented on Philip Morris International. Jefferies Initiated Philip Morris International on Sep 21, 2016 to “Hold”, Price Target of the shares are set at $96.Philip Morris International was Initiated by Citigroup to “Neutral” on Sep 13, 2016. Philip Morris International was Upgraded by Goldman to ” Buy” on Sep 12, 2016.
Philip Morris International closed down -0.37 points or -0.38% at $95.83 with 31,56,276 shares getting traded on Friday. Post opening the session at $96.33, the shares hit an intraday low of $95.82 and an intraday high of $96.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 28, 2016, Marc S Firestone (Sr. VP & General Counsel) sold 18,000 shares at $97.06 per share price. According to the SEC, on Feb 19, 2016, Andre Calantzopoulos (Chief Executive Officer) sold 30,000 shares at $91.11 per share price.
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in more than 180 markets which include a range of international and local premium mid-price and low-price brands. Its premium price brands include Marlboro Merit Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield and international brands include Bond Street Lark Muratti Next Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna Dji Sam Soe and U Mild in Indonesia; Fortune Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece and Petra in the Czech Republic and Slovakia.