Altria Group Inc (MO) Expected to Post Quarterly Sales of $4.84 Billion

Analysts expect Altria Group Inc (NYSE:MO) to report $4.84 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Altria Group’s earnings, with the lowest sales estimate coming in at $4.79 billion and the highest estimate coming in at $4.90 billion. Altria Group posted sales of $3.94 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.8%. The business is scheduled to announce its next earnings report on Thursday, February 7th.

On average, analysts expect that Altria Group will report full-year sales of $19.61 billion for the current year, with estimates ranging from $19.53 billion to $19.70 billion. For the next fiscal year, analysts anticipate that the company will post sales of $19.90 billion, with estimates ranging from $19.68 billion to $20.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Altria Group.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%.



MO has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, September 25th. Jefferies Financial Group lowered shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price objective on the stock. in a report on Friday, August 24th. Sanford C. Bernstein initiated coverage on shares of Altria Group in a report on Tuesday, October 16th. They set a “market perform” rating on the stock. Bank of America set a $70.00 price objective on shares of Altria Group and gave the company a “buy” rating in a report on Thursday, September 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Altria Group currently has a consensus rating of “Buy” and a consensus target price of $70.28.

MO stock traded down $0.07 during midday trading on Wednesday, hitting $63.09. The stock had a trading volume of 9,740,039 shares, compared to its average volume of 7,235,008. The firm has a market cap of $119.07 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.79 and a beta of 0.61. The company has a quick ratio of 0.31, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. Altria Group has a 1-year low of $53.91 and a 1-year high of $74.38.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, September 13th. This is an increase from Altria Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 5.07%. Altria Group’s payout ratio is presently 94.67%.

In other news, Director Dinyar S. Devitre sold 3,165 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total transaction of $184,962.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Pekin Singer Strauss Asset Management IL grew its position in Altria Group by 9.9% in the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock worth $540,000 after purchasing an additional 859 shares in the last quarter. Burney Co. boosted its stake in Altria Group by 4.0% in the second quarter. Burney Co. now owns 22,348 shares of the company’s stock valued at $1,269,000 after acquiring an additional 859 shares during the last quarter. Cpwm LLC boosted its stake in Altria Group by 23.9% in the second quarter. Cpwm LLC now owns 4,527 shares of the company’s stock valued at $257,000 after acquiring an additional 874 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in Altria Group by 3.9% in the second quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock valued at $1,323,000 after acquiring an additional 878 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in Altria Group by 16.4% in the second quarter. Jaffetilchin Investment Partners LLC now owns 6,275 shares of the company’s stock valued at $356,000 after acquiring an additional 882 shares during the last quarter. 63.21% of the stock is owned by institutional investors.

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.

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

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