Philip Morris International Inc (NYSE:PM) shares, rose in value, with the stock price down by -0.99% to the previous day’s close as strong demand from buyers drove the stock to $90.10.
Actively observing the price movement in the last trading, the stock closed the session at $91.00. The value of beta (5-year monthly) was 0.63 whereas the PE ratio was 17.97 over 12-month period. Referring to stock’s 52-week performance, its high was $101.92, and the low was $87.23. On the whole, PM has fluctuated by -0.52% over the past month.
With the market capitalization of Philip Morris International Inc currently standing at about $139.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024. The company’s Forward Dividend Ratio is 5.17, with its dividend yield at 5.74%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.41, which is expected to increase to $1.72 for fiscal year $6.4 and then to about $7.03 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.50% in 2025, while the next year’s EPS growth is forecast to be 9.80%.
Analysts have estimated the company’s revenue for the quarter at $8.46 billion, with a low estimate of $8.21 billion and a high estimate of $8.65 billion. According to the average forecast, sales growth in current quarter could jump up 4.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $37.24 billion, representing an increase of 5.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.77, with the price of PM currently trading nearly -2.83% and -1.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.07, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.49%. Furthermore, Philip Morris International Inc (PM)’s beta value is 0.64, and its average true range (ATR) is 1.39.
A comparison of Philip Morris International Inc (PM) with its peers suggests the former has fared considerably weaker in the market. PM showed an intraday change of -0.99% in last session, and over the past year, it shrunk by -7.97%%.
Data on historical trading for Philip Morris International Inc (NYSE:PM) indicates that the trading volumes over the past 10 days have averaged 6.77 million and over the past 3 months, they’ve averaged 5.46 million. According to company’s latest data on outstanding shares, there are 1.55 billion shares outstanding.
Nearly 0.20% of Philip Morris International Inc’s shares belong to company insiders and institutional investors own 79.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.7 million shares as on Mar 15, 2024, resulting in a short ratio of 1.27. According to the data, the short interest in Philip Morris International Inc (PM) stood at 0.43% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.55 million. The stock has fallen by -4.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PM stock heading into the next quarter.
