Altria Group (MO) Expected to Announce Quarterly Earnings on Thursday

Altria Group (NYSE:MO - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $5.04 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 that are interested in registering for the company's earnings conference call can do so using this link.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The business'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 Down 1.7 %

Altria Group stock traded down $0.91 during trading on Tuesday, reaching $52.54. The stock had a trading volume of 10,639,640 shares, compared to its average volume of 7,290,179. Altria Group has a 52-week low of $39.25 and a 52-week high of $58.03. The business has a 50 day moving average price of $53.88 and a 200 day moving average price of $52.26. The stock has a market cap of $89.04 billion, a PE ratio of 8.87, a P/E/G ratio of 2.67 and a beta of 0.64.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.77%. Altria Group's payout ratio is currently 68.92%.

Analysts Set New Price Targets

Several research analysts have commented on MO shares. Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. 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 research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Morgan Stanley assumed coverage on Altria Group in a research report on Thursday, January 16th. They set an "equal weight" rating and a $54.00 price objective for the company. Finally, Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Two research 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 MarketBeat, Altria Group presently has an average rating of "Hold" and a consensus price target 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.