Brokerages Expect Altria Group Inc (NYSE:MO) Will Post Earnings of $1.01 Per Share

Equities research analysts predict that Altria Group Inc (NYSE:MO) will announce $1.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Altria Group’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.02. Altria Group reported earnings per share of $0.95 during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 30th.

On average, analysts expect that Altria Group will report full-year earnings of $4.21 per share for the current financial year, with EPS estimates ranging from $4.19 to $4.23. For the next financial year, analysts forecast that the business will post earnings of $4.42 per share, with EPS estimates ranging from $4.40 to $4.46. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Altria Group.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.34 billion. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS.

Several equities analysts have recently weighed in on MO shares. Cowen reaffirmed a “hold” rating on shares of Altria Group in a research note on Thursday, September 12th. Citigroup lifted their price objective on Altria Group from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley set a $44.00 price objective on Altria Group and gave the company a “hold” rating in a research note on Tuesday, September 24th. Wells Fargo & Co reissued a “buy” rating on shares of Altria Group in a research report on Monday, August 26th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Altria Group in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $54.35.

Several hedge funds and other institutional investors have recently modified their holdings of MO. Julex Capital Management LLC bought a new stake in shares of Altria Group in the 3rd quarter valued at approximately $25,000. Vigilant Capital Management LLC increased its holdings in shares of Altria Group by 140.3% in the 3rd quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock valued at $29,000 after acquiring an additional 411 shares during the last quarter. KCS Wealth Advisory bought a new stake in shares of Altria Group in the 3rd quarter valued at approximately $40,000. HMS Capital Management LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at approximately $41,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Altria Group by 189.0% in the 2nd quarter. Salomon & Ludwin LLC now owns 867 shares of the company’s stock valued at $41,000 after acquiring an additional 567 shares during the last quarter. Institutional investors and hedge funds own 63.26% of the company’s stock.

Shares of NYSE MO traded up $1.34 during midday trading on Friday, hitting $47.97. The stock had a trading volume of 7,071,990 shares, compared to its average volume of 8,835,992. The company has a market capitalization of $87.11 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.73 and a beta of 0.41. Altria Group has a 1-year low of $39.30 and a 1-year high of $57.88. The company has a quick ratio of 0.27, a current ratio of 0.56 and a debt-to-equity ratio of 2.53. The company has a fifty day moving average price of $44.15 and a 200 day moving average price of $47.31.

Altria Group announced that its board has initiated a stock repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 1.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

About Altria Group

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.

Featured Story: What is the outlook for the FAANG stocks?

Get a free copy of the Zacks research report on Altria Group (MO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.