Stock to Watch For Earnings: Philip Morris International (PM)

Philip Morris International, Inc. (NYSE:PM) reported earnings for the three months ended Mar2016 on April 19, 2016. The company earned $0.98 per share on revenue of $6.08B. Analysts had been modeling earning per share of $1.11 with $6.34B in revenue.

Philip Morris International, Inc. (PM) on April 19, 2016 reported 2016 first-quarter results

2016 First-Quarter

• Reported diluted earnings per share of $0.98, down by $0.18 or 15.5% versus $1.16 in 2015


• Excluding unfavorable currency of $0.19, reported diluted earnings per share up by $0.01 or 0.9% versus $1.16 in 2015 as detailed in the attached Schedule 9


• Adjusted diluted earnings per share of $0.98, down by $0.18 or 15.5% versus $1.16 in 2015


• Excluding unfavorable currency of $0.19, adjusted diluted earnings per share up by $0.01 or 0.9% versus $1.16 in 2015 as detailed in the attached Schedule 8


• Cigarette shipment volume of 196.0 billion units, down by 1.4% excluding acquisitions


• Reported net revenues, excluding excise taxes, of $6.1 billion, down by 8.1%


• Excluding unfavorable currency of $691 million and the impact of acquisitions, reported net revenues, excluding excise taxes, up by 2.4% as detailed in the attached Schedule 6


• Reported operating companies income of $2.5 billion, down by 13.9%


• Excluding unfavorable currency of $383 million and the impact of acquisitions, reported operating companies income down by 0.9% as detailed in the attached Schedule 6


• Adjusted operating companies income, reflecting the items detailed in the attached Schedule 7, of $2.5 billion, down by 13.9%


• Excluding unfavorable currency and the impact of acquisitions, adjusted operating companies income down by 0.9% as detailed in the attached Schedule 7


• Reported operating income of $2.5 billion, down by 13.9%

Philip Morris International, Inc. earnings per share showed a decreasing trend of -7.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 488%.Analysts project EPS growth over the next 5 years at 8.15%. It has EPS annual growth over the past 5 fiscal years of 2.4% when sales declined -0.3. It reported -8.1% sales drop, and -14.8% EPS decline in the last quarter.

The stock is trading at $98.68, up 33.51% from 52-week low of $76.54. The stock trades down -3.77% from its peak of $102.55 and 4.72% above the consensus price target of $103.34. Its volume clocked up at 5.71 million shares which is higher than the average volume of 4.27 million shares. Its market capitalization currently stands at $153.85B.