Altria Group (NYSE:MO) Updates FY25 Earnings Guidance

Altria Group (NYSE:MO) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.22-5.37 for the period, compared to the consensus estimate of $5.34.

Altria Group Price Performance

NYSE MO traded up $0.62 on Wednesday, reaching $53.37. The company had a trading volume of 6,734,894 shares, compared to its average volume of 7,287,030. The firm has a market capitalization of $90.45 billion, a PE ratio of 8.15, a P/E/G ratio of 2.83 and a beta of 0.64. The firm has a 50-day moving average of $52.65 and a 200-day moving average of $52.65. Altria Group has a 1 year low of $39.25 and a 1 year high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, sell-side analysts expect that Altria Group will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is currently 62.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays lifted their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $53.29.

About Altria Group

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.