Brokerages expect that Altria Group Inc (NYSE:MO) will post earnings of $1.09 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Altria Group’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.14. Altria Group posted earnings of $1.01 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The firm is expected to issue its next earnings report on Thursday, July 25th.
On average, analysts expect that Altria Group will report full year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.20. For the next year, analysts anticipate that the firm will post earnings of $4.47 per share, with EPS estimates ranging from $4.23 to $4.55. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Altria Group.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the business posted $0.95 earnings per share. Altria Group’s revenue was down 6.0% on a year-over-year basis.
Several equities analysts have weighed in on MO shares. Citigroup set a $52.00 price objective on Altria Group and gave the company a “sell” rating in a research note on Thursday, March 28th. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Morgan Stanley lifted their target price on Altria Group from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, April 15th. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. Finally, Bank of America lifted their target price on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $61.91.
In other Altria Group news, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total transaction of $173,485.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total value of $104,960.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Waller Financial Planning Group Inc. purchased a new position in shares of Altria Group during the fourth quarter worth about $277,000. Dean Investment Associates LLC grew its holdings in shares of Altria Group by 7.0% during the fourth quarter. Dean Investment Associates LLC now owns 37,281 shares of the company’s stock worth $1,841,000 after purchasing an additional 2,451 shares in the last quarter. 6 Meridian grew its holdings in shares of Altria Group by 29.1% during the first quarter. 6 Meridian now owns 464,466 shares of the company’s stock worth $26,674,000 after purchasing an additional 104,611 shares in the last quarter. GYL Financial Synergies LLC purchased a new position in shares of Altria Group during the fourth quarter worth about $380,000. Finally, AGF Investments America Inc. grew its holdings in shares of Altria Group by 2.0% during the fourth quarter. AGF Investments America Inc. now owns 65,925 shares of the company’s stock worth $3,256,000 after purchasing an additional 1,323 shares in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:MO opened at $51.59 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 1.92. Altria Group has a 1-year low of $42.40 and a 1-year high of $66.04. The firm has a market cap of $96.13 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.61 and a beta of 0.44.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date is Thursday, June 13th. Altria Group’s payout ratio is presently 80.20%.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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