Philip Morris is scheduled to release its third-quarter earnings report on Oct.20 before the markets open. Let’s look at Wall Street analysts’ consensus expectations for the third quarter.
When is Philip Morris’s earnings date?
Philip Morris will likely report its third-quarter results on Oct. 20 during the pre-market trading session. The cigarette and tobacco manufacturing company has scheduled an earnings conference call with investors on the same day at 9:00 a.m. ET.
In the third quarter, Wall Street analysts expect Philip Morris to post sales of $7.28 billion, which would be 4.7 percent lower than $7.64 billion in sales in the third quarter of 2019. Analysts also expect Philip Morris to post an adjusted EPS of $1.36 in the third quarter compared to $1.43 in the same period a year ago. In the second quarter of 2020, the company reported an adjusted EPS of $1.29 and sales of $6.65 billion.
What is Philip Morris’s stock price?
Philip Morris stock trades on the NYSE under the ticker symbol “PM.” The stock was up about 0.6 percent at $79.60 in the pre-market trading session on Friday, Oct. 16 as of 9:20 a.m. ET. The stock rose 0.3 percent on Oct. 15 and closed at $79.14 with a market capitalization of $123.2 billion.
Philip Morris stock has risen by 0.3 percent in the last five days, but it has fallen by 1.8 percent in the last year. The stock is trading 12.2 percent below its 52-week high of $90.17 and 41.3 percent above its 52-week low of $56.01.
What is Philip Morris’s dividend yield?
As of Oct. 15, Philip Morris’s dividend yield stands at 6.08 percent. Currently, the company pays an annual dividend of $4.80 per share. Philip Morris has increased its dividend for the previous 11 years by an average of 3.9 percent each year.
What is Philip Morris’s stock forecast?
Analysts' stock price forecast for Philip Morris is $90.25, which suggests a 14 percent upside. The highest target price of $100 implies a 26.4 percent upside, while the lowest target price of $74 suggests a 6.5 percent downside. Among the 18 Wall Street analysts tracking Philip Morris, nine recommend a buy, while nine recommend a hold. None of the analysts recommend a sell.
Philip Morris investor relations
Philip Morris has scheduled a third-quarter earnings conference call on Oct. 20 at 9:00 a.m. ET. Investors can access the live audio webcast on the company’s investor relations website.