Altria Group Inc. (NYSE:MO) updated its FY13 earnings guidance on Monday. The company provided earnings per share guidance of $2.36-2.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.39, Analyst Ratings.Net reports.
Altria Group Inc. (NYSE:MO) traded up 0.83% on Monday, hitting $35.13. The stock had a trading volume of 5,760,217 shares. Altria Group Inc. has a 52 week low of $30.01 and a 52 week high of $37.61. The stock has a 50-day moving average of $34.69 and a 200-day moving average of $35.34. The company has a market cap of $70.330 billion and a P/E ratio of 15.92. Altria Group also was the recipient of some unusual options trading on Friday. Stock investors acquired 48,033 call options on the company. This represents an increase of approximately 317% compared to the average daily volume of 11,517 call options.
Altria Group (NYSE:MO) last released its earnings data on Tuesday, July 23rd. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that Altria Group Inc. will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Altria Group’s previous quarterly dividend of $0.44.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a buy rating on shares of Altria Group (NYSE:MO) in a research note to investors on Monday. On a related note, analysts at Zacks reiterated a neutral rating on shares of Altria Group (NYSE:MO) in a research note to investors on Wednesday, September 11th. They now have a $37.00 price target on the stock.
Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $37.00.
Altria Group, Inc is a holding company. At December 31, 2012, Altria Group, Inc’s direct and indirect wholly owned subsidiaries included Philip Morris USA Inc (NYSE:MO), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly owned subsidiaries, including U.
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