Wall Street brokerages expect Altria Group Inc (NYSE:MO) to report earnings of $0.81 per share for the current quarter, according to Zacks. Two analysts have made estimates for Altria Group’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.82. Altria Group reported earnings per share of $0.68 in the same quarter last year, which would suggest a positive year over year growth rate of 19.1%. The firm is expected to issue its next quarterly earnings results before the market opens on Wednesday, February 7th.
On average, analysts expect that Altria Group will report full year earnings of $3.28 per share for the current fiscal year, with EPS estimates ranging from $3.28 to $3.30. For the next financial year, analysts expect that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.55 to $4.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Altria Group.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share.
Several research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $62.00 price target on shares of Altria Group in a report on Tuesday, October 3rd. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target for the company in a report on Thursday, December 28th. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and decreased their price objective for the company from $70.04 to $70.00 in a report on Friday. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Finally, Wells Fargo & Co increased their price objective on Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.71.
Shares of Altria Group (MO) traded up $1.07 during trading hours on Friday, hitting $71.12. 8,710,000 shares of the stock traded hands, compared to its average volume of 7,210,000. The firm has a market capitalization of $135,710.00, a P/E ratio of 8.89, a PEG ratio of 2.56 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.71%. Altria Group’s payout ratio is 33.00%.
A number of hedge funds and other institutional investors have recently bought and sold shares of MO. Solaris Asset Management LLC boosted its position in Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group bought a new stake in Altria Group during the second quarter valued at $109,000. Balentine LLC boosted its position in Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after acquiring an additional 357 shares during the last quarter. NewSquare Capital LLC boosted its position in Altria Group by 4,734.7% during the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after acquiring an additional 106,530 shares during the last quarter. Finally, Quantum Capital Management LLC NJ bought a new stake in Altria Group during the third quarter valued at $114,000. Institutional investors and hedge funds own 62.64% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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