Altria Group (MO) Scheduled to Post Quarterly Earnings on Thursday

Altria Group (NYSE:MO) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Altria Group has set its FY24 guidance at $5.00-5.15 EPS and its FY 2024 guidance at 5.000-5.150 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, February 1st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Altria Group had a negative return on equity of 244.55% and a net margin of 33.21%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. 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

Altria Group stock opened at $42.87 on Wednesday. The stock has a market capitalization of $73.63 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 2.53 and a beta of 0.65. Altria Group has a 52-week low of $39.06 and a 52-week high of $48.04. The stock’s 50 day moving average price is $42.00 and its two-hundred day moving average price is $41.44.

Altria Group declared that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s payout ratio is 85.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price target on shares of Altria Group in a research report on Monday, March 25th. StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. Finally, UBS Group increased their price target on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.90.

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.