Zacks: Analysts Anticipate Altria Group, Inc. (NYSE:MO) Will Announce Earnings of $1.27 Per Share

Equities research analysts predict that Altria Group, Inc. (NYSE:MO) will post earnings per share of $1.27 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Altria Group’s earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.31. Altria Group posted earnings of $1.19 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, October 28th.

On average, analysts expect that Altria Group will report full year earnings of $4.62 per share for the current year, with EPS estimates ranging from $4.60 to $4.63. For the next year, analysts expect that the firm will report earnings of $4.85 per share, with EPS estimates ranging from $4.75 to $4.93. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Altria Group.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 28th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.05. Altria Group had a return on equity of 268.09% and a net margin of 17.22%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.36 billion.

MO has been the topic of several recent research reports. Redburn Partners initiated coverage on Altria Group in a research report on Thursday, June 17th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price objective on shares of Altria Group in a research report on Friday, July 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $52.75.

Several hedge funds have recently bought and sold shares of MO. Isthmus Partners LLC acquired a new stake in Altria Group during the 2nd quarter valued at approximately $25,000. Centerpoint Advisors LLC grew its stake in Altria Group by 120.0% during the 2nd quarter. Centerpoint Advisors LLC now owns 550 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Alaethes Wealth LLC acquired a new stake in Altria Group during the 2nd quarter valued at approximately $26,000. Bellwether Advisors LLC grew its stake in Altria Group by 79.6% during the 2nd quarter. Bellwether Advisors LLC now owns 573 shares of the company’s stock valued at $27,000 after purchasing an additional 254 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. grew its stake in Altria Group by 263.3% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 545 shares of the company’s stock valued at $28,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 59.44% of the company’s stock.

Shares of NYSE:MO traded up $0.71 on Friday, hitting $49.08. The company had a trading volume of 87,462 shares, compared to its average volume of 8,265,963. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 8.67. Altria Group has a 52-week low of $35.83 and a 52-week high of $52.59. The business has a 50 day moving average of $48.41 and a 200 day moving average of $48.79. The company has a market cap of $90.51 billion, a PE ratio of 19.74, a PEG ratio of 2.73 and a beta of 0.63.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 12th. Stockholders of record on Wednesday, September 15th will be paid a $0.90 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.33%. This is a positive change from Altria Group’s previous quarterly dividend of $0.86. Altria Group’s dividend payout ratio (DPR) is 78.90%.

About Altria Group

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

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

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