Altria Group (MO) Expected to Announce Earnings on Thursday

Altria Group (NYSE:MO) is expected to be announcing its earnings results 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up 18.6% 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 Stock Performance

Shares of MO opened at $52.54 on Wednesday. The stock has a market capitalization of $89.04 billion, a PE ratio of 8.87, a PEG ratio of 2.67 and a beta of 0.64. The company has a 50 day moving average price of $53.88 and a 200-day moving average price of $52.26. Altria Group has a fifty-two week low of $39.25 and a fifty-two week high of $58.03.

Altria Group Announces Dividend

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

Wall Street Analysts Forecast Growth

MO has been the topic of a number of recent research reports. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus upped their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Finally, Morgan Stanley initiated coverage on Altria Group in a research note on Thursday, January 16th. They set an “equal weight” rating and a $54.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altria Group presently has an average rating of “Hold” and an average target price of $53.43.

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.