Altria Group (MO) Issues Earnings Results, Beats Expectations By $0.01 EPS

Altria Group (NYSE:MO) posted its quarterly earnings results on Thursday. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01, MarketWatch Earnings reports. Altria Group had a net margin of 42.00% and a return on equity of 48.88%. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group updated its FY 2018 guidance to $3.95-4.03 EPS.

Shares of Altria Group stock traded down $0.07 on Friday, reaching $63.09. The stock had a trading volume of 9,739,509 shares, compared to its average volume of 7,776,045. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.83. Altria Group has a 1 year low of $53.91 and a 1 year high of $74.38. The company has a market cap of $115.58 billion, a P/E ratio of 18.67, a PEG ratio of 1.74 and a beta of 0.61.

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



In other news, Director Dinyar S. Devitre sold 3,165 shares of Altria Group stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Several equities research analysts have recently commented on MO shares. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Piper Jaffray Companies set a $75.00 price target on shares of Altria Group and gave the company a “buy” rating in a report on Monday, July 23rd. Jefferies Financial Group lowered shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a report on Friday, August 24th. Citigroup boosted their price target on shares of Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a report on Friday, September 21st. Finally, ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.28.

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.

Further Reading: What is a Leveraged Buyout (LBO)?

Earnings History for Altria Group (NYSE:MO)

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