Philip Morris International Inc (PM) Has A Promising Outlook For 2024

Philip Morris International Inc (NYSE:PM) has a beta value of 0.59 and has seen 6.19 million shares traded in the last trading session. The company, currently valued at $155.81B, closed the last trade at $100.23 per share which meant it gained $0.64 on the day or 0.64% during that session. The PM stock price is -1.23% off its 52-week high price of $101.46 and 12.97% above the 52-week low of $87.23. The 3-month trading volume is 5.84 million shares.

Philip Morris International Inc (NYSE:PM) trade information

Sporting 0.64% in the green in last session, the stock has traded in the green over the last five days, when the PM stock price touched $100.23 or saw a rise of 1.21%. Year-to-date, Philip Morris International Inc shares have moved 6.54%, while the 5-day performance has seen it change 0.39%. Over the past 30 days, the shares of Philip Morris International Inc (NYSE:PM) have changed 6.56%.

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Philip Morris International Inc (PM) estimates and forecasts

Figures show that Philip Morris International Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 9.00% over the past 6 months, with this year growth rate of 4.99%, compared to 1.10% for the industry. Revenue growth from the last financial year stood is estimated to be 4.70%.

9 analysts offering their estimates for the company have set an average revenue estimate of 9.15B for the current quarter. 9 have an estimated revenue figure of 9.5B for the next ending quarter. Year-ago sales stood 8.65B and 9.17B respectively for this quarter and the next, and analysts expect sales will grow by 5.70% for the current quarter and 4.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.25% over the past 5 years. Earnings growth for 2024 is a modest 4.97% while over the next 5 years, the company’s earnings are expected to increase by 9.56%.

PM Dividends

Philip Morris International Inc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 5.17 at a share yield of 5.16%. The company’s dividend yield has gone up over the past 12 months.