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

Philip Morris International (NYSE:PM) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS 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 Price Performance

Shares of NYSE:PM opened at $194.67 on Thursday. The company’s 50-day moving average price is $182.74 and its two-hundred day moving average price is $175.12. The stock has a market capitalization of $303.41 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.38. Philip Morris International has a one year low of $142.11 and a one year high of $199.78.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, analysts anticipate that Philip Morris International will post 8.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Needham & Company LLC lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. BTIG Research started coverage on Philip Morris International in a research report on Tuesday. They set a “buy” rating and a $216.00 price objective for the company. Finally, Stifel Nicolaus reduced their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.67.

More Philip Morris International News

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 versus consensus near $2.05 and revenue of $11.19 billion versus expectations of $10.60 billion, driven by strong international sales and resilient cigarette demand. Article Title
• Positive Sentiment: Smoke-free products, especially Zyn nicotine pouches, showed strong momentum after recent regulatory approval, supporting the company’s growth story and confidence in its long-term transition away from traditional tobacco. Article Title
• Positive Sentiment: BTIG Research upgraded Philip Morris International to “strong-buy,” adding to the bullish sentiment following the earnings release and helping support the stock near its highs. Article Title
• Neutral Sentiment: Management raised investment plans for Zyn and highlighted a “confident smoke-free future,” which is constructive for the long term but also signals ongoing spending to defend growth. Article Title
• Negative Sentiment: The company cut full-year EPS guidance, citing currency headwinds and conflict-related costs in the Middle East, which tempered the upside from the strong quarterly beat. Article Title

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in Philip Morris International by 4.0% during the 4th quarter. Bank of America Corp DE now owns 15,383,248 shares of the company’s stock valued at $2,467,473,000 after purchasing an additional 594,867 shares during the period. Northern Trust Corp grew its holdings in Philip Morris International by 2.8% during the 3rd quarter. Northern Trust Corp now owns 14,701,879 shares of the company’s stock worth $2,384,645,000 after acquiring an additional 401,381 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Philip Morris International by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,161,027 shares of the company’s stock valued at $2,271,430,000 after purchasing an additional 1,569,685 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Philip Morris International by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,338,069 shares of the company’s stock valued at $2,139,869,000 after acquiring an additional 191,257 shares during the period. Finally, Boston Partners grew its stake in shares of Philip Morris International by 12.7% in the 3rd quarter. Boston Partners now owns 7,019,625 shares of the company’s stock valued at $1,136,402,000 after buying an additional 791,681 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.