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.
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