Altria Group (MO) Expected to Announce Earnings on Thursday

Altria Group (NYSE:MO) is anticipated to announce 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MO) last posted its 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. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $1.28 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 Trading Down 1.3 %

Shares of MO stock opened at $50.82 on Thursday. Altria Group has a 12 month low of $39.25 and a 12 month high of $58.03. The stock has a market capitalization of $86.14 billion, a P/E ratio of 8.58, a PEG ratio of 2.72 and a beta of 0.64. The firm’s 50 day moving average is $54.19 and its 200 day moving average is $52.11.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 8.03%. Altria Group’s dividend payout ratio is currently 68.92%.

Analyst Upgrades and Downgrades

MO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. 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. Stifel Nicolaus upped their target price 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. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Citigroup upped their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Two 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.