Altria Group (NYSE:MO) is scheduled to be announcing its earnings results before the market opens on Thursday, April 26th. Altria Group has set its FY18 guidance at $3.90-4.03 EPS.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, analysts expect Altria Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE MO opened at $61.50 on Thursday. The company has a market cap of $122,103.84, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.86 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. Altria Group has a twelve month low of $59.07 and a twelve month high of $77.79.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Wednesday, March 14th. This is an increase from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s payout ratio is 82.84%.
Altria Group declared that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently commented on MO shares. Jefferies Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of Altria Group in a research report on Thursday, March 15th. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $71.45 target price on the stock in a research report on Friday, January 26th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, February 6th. Piper Jaffray upped their target price on Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Citigroup downgraded Altria Group from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $74.21.
In related news, CEO Brian W. Quigley sold 3,464 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total value of $216,153.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total value of $995,720.27. Following the completion of the sale, the chief executive officer now owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,117 shares of company stock valued at $1,821,707. 0.11% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Balentine LLC boosted its stake in shares of Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after buying an additional 357 shares during the period. Fieldpoint Private Securities LLC boosted its stake in shares of Altria Group by 6.3% in the second quarter. Fieldpoint Private Securities LLC now owns 1,952 shares of the company’s stock valued at $145,000 after buying an additional 115 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Altria Group in the second quarter valued at approximately $158,000. Clarius Group LLC bought a new stake in shares of Altria Group in the second quarter valued at approximately $201,000. Finally, Financial Partners Capital Management LLC bought a new stake in shares of Altria Group in the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 62.54% of the company’s stock.
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About Altria Group
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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