$1.09 Earnings Per Share Expected for Altria Group Inc (NYSE:MO) This Quarter

Analysts expect that Altria Group Inc (NYSE:MO) will post earnings per share of $1.09 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Altria Group’s earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.05. Altria Group reported earnings of $1.01 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The firm is scheduled to issue its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Altria Group will report full year earnings of $4.17 per share for the current year, with EPS estimates ranging from $4.10 to $4.20. For the next fiscal year, analysts forecast that the firm will report earnings of $4.47 per share, with EPS estimates ranging from $4.23 to $4.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Altria Group.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share.

Several analysts have weighed in on the company. Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Bank of America boosted their price objective on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. TheStreet raised Altria Group from a “c+” rating to a “b-” rating in a report on Friday, March 29th. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Morgan Stanley boosted their price objective on Altria Group from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $61.91.

In other news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jody L. Begley sold 3,250 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total value of $173,485.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Waller Financial Planning Group Inc. acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $277,000. Dean Investment Associates LLC grew its position in shares of Altria Group by 7.0% in the 4th quarter. Dean Investment Associates LLC now owns 37,281 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,451 shares during the period. 6 Meridian grew its position in shares of Altria Group by 29.1% in the 1st quarter. 6 Meridian now owns 464,466 shares of the company’s stock valued at $26,674,000 after purchasing an additional 104,611 shares during the period. GYL Financial Synergies LLC acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $380,000. Finally, AGF Investments America Inc. grew its position in shares of Altria Group by 2.0% in the 4th quarter. AGF Investments America Inc. now owns 65,925 shares of the company’s stock valued at $3,256,000 after purchasing an additional 1,323 shares during the period. 64.49% of the stock is owned by institutional investors.

Shares of NYSE:MO opened at $50.86 on Monday. The stock has a market cap of $96.52 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.62 and a beta of 0.44. Altria Group has a 1-year low of $42.40 and a 1-year high of $66.04. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.62 and a quick ratio of 0.39.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.29%. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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Earnings History and Estimates for Altria Group (NYSE:MO)

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