Philip Morris International stock is up 11% in 2021
Philip Morris International Inc. (NYSE: PM) is a Swiss-American multinational cigarette and tobacco company with products sold in over 180 countries. Their most famous and best-selling product is Marlboro. Philip Morris International is often referred to as one of the companies that make up Big Tobacco.
On April 13, Philip Morris International announced that the company would publish its financial results for the first quarter of 2021 on Tuesday, April 20. For the past four quarters, Philip Morris International has been an all-star in the winning denomination. PM exceeded earnings expectations in all four reports. For the first quarter of 2020, Philip Morris International beat analysts’ estimates with a margin of $ 0.08 and reported earnings per share (EPS) of $ 1.21. For the second quarter of 2020, PM increased its earnings per share to $ 1.29, beating expectations by $ 0.19. For the third quarter of 2020, Philip Morris International posted another surge in earnings, rising to $ 1.42 per share, beating estimates with a margin of $ 0.06. In its most recent quarterly reports, Philip Morris International reported earnings per share of $ 1.26, beating expectations with a margin of $ 0.05.
PM stock’s price is up 22% year over year, and Philip Morris International’s stock price is up 37% from its low on May 14, 2020 to a year-to-date low of $ 66.85, also 11% year-to-date gone up. Additionally, the stock hit a new three-year high of $ 92.54 during today’s session. Additionally, Philip Morris International stock offers a forward dividend of $ 4.80 and a dividend yield of 5.27% and appears to be one of the highest-yielding dividend games out there.
From a fundamental perspective, the company only posted a 3.5% drop in sales last year. Philip Morris International also increased its net income by 12% in FY2020. However, Philip Morris has struggled to maintain consistent growth in both profit and profit zones in recent years. Overall, Philip Morris International’s stock remains a viable value game with a price / earnings ratio of 15.34. PM will likely see decent returns from dividend and stock appreciation over time.