Altria Group Inc (NYSE:MO) Expected to Post Earnings of $1.09 Per Share

Brokerages expect Altria Group Inc (NYSE:MO) to announce $1.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Altria Group’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.14. Altria Group reported earnings per share of $1.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The business is scheduled to announce its next quarterly earnings results 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 company will report earnings of $4.47 per share, with EPS estimates ranging from $4.23 to $4.55. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Altria Group.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was down 6.0% compared to the same quarter last year.

A number of research firms have weighed in on MO. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Bank of America lifted their price target on shares of Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. TheStreet upgraded shares of Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley lifted their price target on shares of Altria Group from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.91.

Shares of MO stock opened at $50.86 on Monday. Altria Group has a 1 year low of $42.40 and a 1 year high of $66.04. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.39 and a current ratio of 0.62. The firm has a market cap of $96.52 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.62 and a beta of 0.44.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a $0.80 dividend. The ex-dividend date is Thursday, June 13th. This represents a $3.20 annualized dividend and a dividend yield of 6.29%. Altria Group’s dividend payout ratio is presently 80.20%.

In other news, SVP Jody L. Begley sold 3,250 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total value of $173,485.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total transaction of $104,960.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Country Trust Bank lifted its position in Altria Group by 86.9% during the 1st quarter. Country Trust Bank now owns 514 shares of the company’s stock worth $30,000 after buying an additional 239 shares in the last quarter. Litman Gregory Asset Management LLC acquired a new position in Altria Group during the 4th quarter worth about $30,000. Premia Global Advisors LLC acquired a new position in Altria Group during the 1st quarter worth about $34,000. Balentine LLC lifted its position in Altria Group by 67.4% during the 1st quarter. Balentine LLC now owns 663 shares of the company’s stock worth $38,000 after buying an additional 267 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Altria Group during the 1st quarter worth about $36,000. Institutional investors own 64.49% of the company’s stock.

About Altria Group

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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Earnings History and Estimates for Altria Group (NYSE:MO)

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