Altria Group (MO) to Release Quarterly 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 $5,049,380.00 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s quarterly revenue 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 Altria Group stock opened at $53.36 on Tuesday. The stock has a market capitalization of $90.43 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.67 and a beta of 0.64. Altria Group has a 52-week low of $39.25 and a 52-week high of $58.03. The stock’s 50-day simple moving average is $53.94 and its 200 day simple moving average is $52.21.

Altria Group Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 7.65%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 68.92%.

Analyst Ratings Changes

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

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.