Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Merit, Parliament, Virginia S., L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next, and Red & White. The company also owns various cigarette brands, such as Dji Sam Soe, Sampoerna, and U Mild in Indonesia; Champion, Fortune, and Hope in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It markets and sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is based in New York, New York.
Q3 ER Estimates: Earnings Whisper: $1.24 Consensus: $1.23 Revenue: $6.91 Bil Date & Time of ER: Tuesday Oct 18 7:00 AM ET
Reported before open today (10/18/16) Earnings: EPS $1.25 Revenue $6.98B Estimates: EPS $1.23 Revenue $7.01B Up 1.10% today
Peer Philip Morris International, which sells Marlboro and other brands outside the U.S., fell 0.9% to 117.03 on the stock market today, off session lows for 109.31. Philip Morris presumably would not be directly affected by FDA rulings on cigarette sales in the U.S.
At $71, I find Phillip Morris smooth and satisfying. I'm a bit concerned about the payout ratio but this continues to be an attractive company.
