Altria Group (MO) Set to Announce Quarterly Earnings on Thursday

Altria Group (NYSE:MO) will issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The firm had revenue of $6.21 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. 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 Trading Down 0.6 %

Shares of NYSE MO opened at $49.96 on Wednesday. Altria Group has a twelve month low of $39.25 and a twelve month high of $54.95. The stock has a market capitalization of $85.81 billion, a PE ratio of 10.45, a PEG ratio of 2.89 and a beta of 0.65. The stock has a fifty day simple moving average of $51.37 and a 200-day simple moving average of $48.23.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 8.17%. This is a boost from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, September 16th. Altria Group’s payout ratio is presently 85.36%.

Wall Street Analysts Forecast Growth

MO has been the subject of several analyst reports. StockNews.com cut Altria Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Stifel Nicolaus lifted their price target on Altria Group from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup lifted their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. UBS Group boosted their target price on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a report on Monday, September 9th. Finally, Barclays boosted their target price on Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.20.

Altria Group Company Profile

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.