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Phillip Morris Reaffirms Full Year Earnings Estimates (PM)

Tobacco giant, Philip Morris International Inc.( PM ) reaffirms full year earnings estimate on Tuesday.

The company has reaffirmed its EPS guidance for its full year earnings, expecting EPS in the range of $5.12 to $5.18, up from last years full year EPS of $4.85. PM is forecasting that the international industry volume will decline 1.3% in the next 3 years.

The company's market share has increased to 37%.

PM will report this news today in New York at the Morgan Stanley Global Consumer & Retail Conference.

Philip Morris shares were mostly flat Tuesday afternoon.

The Bottom Line

We recently began recommending shares of Phillip Morris International ( PM ) back on Nov.9, when the stock was trading at $$85.55. The shares have a 4.00% dividend yield, based on last night's closing stock price of $84.98.

Philip Morris International Inc.( PM )is a "Recommended" dividend stock at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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