Altria Group (MO) Scheduled to Post Quarterly Earnings on Thursday

Altria Group (NYSE:MO) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Altria Group to post earnings of $1.15 per share for the quarter. Altria Group has set its FY24 guidance at $5.00-5.15 EPS and its FY 2024 guidance at 5.000-5.150 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, February 1st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the firm posted $1.18 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. 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 opened at $42.87 on Wednesday. The firm’s 50-day moving average is $42.00 and its 200-day moving average is $41.44. Altria Group has a 52-week low of $39.06 and a 52-week high of $48.04. The company has a market cap of $73.63 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 2.53 and a beta of 0.65.

Altria Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.92 annualized dividend and a dividend yield of 9.14%. Altria Group’s payout ratio is 85.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Altria Group in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.90.

Altria Group Company Profile

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.