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Altria Group (MO) Expected to Announce Earnings on Thursday

Altria Group logo with Consumer Staples background

Altria Group (NYSE:MO - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Altria Group to post 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 register for the company's earnings conference call can do so using this link.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm 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 Stock Performance

NYSE:MO traded up $0.36 during mid-day trading on Thursday, reaching $51.17. The stock had a trading volume of 6,536,051 shares, compared to its average volume of 6,820,566. The firm has a market capitalization of $86.72 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 2.70 and a beta of 0.64. Altria Group has a twelve month low of $39.25 and a twelve month high of $58.03. The business has a 50 day simple moving average of $54.10 and a 200 day simple moving average of $52.10.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.97%. Altria Group's payout ratio is 68.92%.

Analyst Upgrades and Downgrades

MO has been the subject of several research reports. StockNews.com upgraded Altria Group from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Stifel Nicolaus lifted their price objective on 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 lifted their price objective on Altria Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Finally, Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Altria Group has an average rating of "Hold" and a consensus target price of $53.43.

View Our Latest Stock Analysis on MO

Altria Group Company Profile

(Get Free Report)

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.

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Earnings History for Altria Group (NYSE:MO)

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