Altria Group (NYSE:MO) Issues FY 2019 Earnings Guidance

Altria Group (NYSE:MO) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $4.15-4.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.19. Altria Group also updated its FY19 guidance to $4.15-4.27 EPS.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Altria Group from $49.00 to $48.00 and set an underweight rating for the company in a research report on Wednesday. Royal Bank of Canada set a $68.00 price objective on shares of Altria Group and gave the stock a buy rating in a report on Wednesday. ValuEngine lowered shares of Altria Group from a hold rating to a sell rating in a report on Wednesday, May 29th. Goldman Sachs Group lowered shares of Altria Group from a buy rating to a neutral rating and set a $49.86 price objective on the stock. in a report on Friday, July 12th. Finally, Zacks Investment Research raised shares of Altria Group from a sell rating to a hold rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $61.07.

Shares of NYSE MO traded down $0.04 during mid-day trading on Friday, hitting $47.85. The company’s stock had a trading volume of 4,397,929 shares, compared to its average volume of 5,867,016. The stock has a market capitalization of $90.74 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.52 and a beta of 0.39. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.87. Altria Group has a one year low of $42.40 and a one year high of $66.04. The company has a fifty day simple moving average of $49.26.

Altria Group (NYSE:MO) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.10. The company had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.08 billion. Altria Group had a net margin of 25.04% and a return on equity of 51.12%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. On average, equities research analysts anticipate that Altria Group will post 4.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, June 13th. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.

Altria Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 1.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

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

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