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MarketScreener Homepage  >  Equities  >  Nyse  >  Philip Morris International    PM

PHILIP MORRIS INTERNATIONAL

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Philip Morris International : Adjusts 2019 Profit Outlook

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12/03/2019 | 09:51am EST

By Patrick Thomas

Philip Morris International Inc. (PM) Tuesday revised its profit outlook for the year.

For its current fiscal year, the tobacco company said it now expects to report earnings of at least $4.55 a share, up from its previous guidance of $4.53 a share.

The company lowered its earnings guidance in November from its prior forecast of at least $4.73 a share after it said it expects to book pretax charges of about $355 million.

The company also said Tuesday it expects adjusted earnings to be at least $5.16 a share, compared with its previous forecast of $5.14 a share. Excluding currency fluctuations, the company expects earnings of at least $5.30 a share for the year, compared with its November outlook of $5.28 a share.

Analysts polled by FactSet are expecting the company to post annual earnings of $4.82 a share and $5.21 a share on an adjusted basis.

"We are today revising our full-year guidance to reflect currency-neutral like-for-like adjusted diluted EPS growth of around 9.5% compared to our previous projection of at least 9%," Chief Executive Andre Calantzopoulos said in a statement. "We remain firmly on course to reach our heated tobacco unit shipment target of 90 to 100 billion units internationally by 2021."

Write to Patrick Thomas at patrick.thomas@wsj.com

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Financials (USD)
Sales 2019 29 853 M
EBIT 2019 11 692 M
Net income 2019 7 246 M
Debt 2019 24 690 M
Yield 2019 5,21%
P/E ratio 2019 18,9x
P/E ratio 2020 15,8x
EV / Sales2019 5,45x
EV / Sales2020 5,16x
Capitalization 138 B
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Technical analysis trends PHILIP MORRIS INTERNATIONA
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 93,95  $
Last Close Price 88,69  $
Spread / Highest target 28,5%
Spread / Average Target 5,93%
Spread / Lowest Target -18,8%
EPS Revisions
Managers
NameTitle
André Calantzopoulos Chief Executive Officer & Director
Louis C. Camilleri Chairman
Jacek Olczak Chief Operating Officer
Martin G. King Chief Financial Officer
Patrick Brunel Chief Information Officer & Senior Vice President
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