Altria Group (MO) Expected to Announce Earnings on Thursday

Altria Group (NYSE:MOGet Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $5.04 billion for the quarter. Altria Group has set its FY24 guidance at $5.07-5.15 EPS and its FY 2024 guidance at 5.070-5.150 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. On average, analysts expect Altria Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Altria Group Stock Down 1.7 %

Shares of MO opened at $52.54 on Wednesday. Altria Group has a twelve month low of $39.25 and a twelve month high of $58.03. The company has a market capitalization of $89.04 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. The firm has a 50 day moving average of $53.88 and a 200 day moving average of $52.26.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.77%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is currently 68.92%.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of analyst reports. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup lifted their target price on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley initiated coverage on Altria Group in a report on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus price target of $53.43.

View Our Latest Research Report on MO

About Altria Group

(Get Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

Further Reading

Earnings History for Altria Group (NYSE:MO)

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