Equities research analysts expect Altria Group Inc (NYSE:MO) to report sales of $5.29 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Altria Group’s earnings. The lowest sales estimate is $5.22 billion and the highest is $5.36 billion. Altria Group also posted sales of $5.29 billion during the same quarter last year. The company is expected to issue its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Altria Group will report full-year sales of $19.71 billion for the current year, with estimates ranging from $19.63 billion to $19.86 billion. For the next financial year, analysts anticipate that the firm will post sales of $19.88 billion, with estimates ranging from $19.58 billion to $20.21 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Altria Group.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.10. The business had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Altria Group had a return on equity of 51.53% and a net margin of 25.04%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share.
Shares of Altria Group stock traded down $0.53 on Wednesday, reaching $41.48. The company’s stock had a trading volume of 5,620,468 shares, compared to its average volume of 12,412,233. The company has a market capitalization of $83.06 billion, a P/E ratio of 10.39, a PEG ratio of 1.39 and a beta of 0.38. Altria Group has a 52-week low of $41.97 and a 52-week high of $66.04. The stock has a 50-day moving average price of $46.13 and a 200-day moving average price of $50.92. The company has a quick ratio of 0.28, a current ratio of 0.56 and a debt-to-equity ratio of 1.87.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 16th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from Altria Group’s previous quarterly dividend of $0.80. This represents a $3.36 dividend on an annualized basis and a dividend yield of 8.10%. Altria Group’s payout ratio is currently 80.20%.
Altria Group announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 1.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its position in Altria Group by 113.4% in the first quarter. Creative Financial Designs Inc. ADV now owns 783 shares of the company’s stock valued at $45,000 after purchasing an additional 416 shares during the period. Investec Asset Management LTD grew its stake in shares of Altria Group by 0.8% during the 1st quarter. Investec Asset Management LTD now owns 1,897,384 shares of the company’s stock valued at $108,967,000 after acquiring an additional 14,792 shares during the period. Northern Oak Wealth Management Inc. grew its stake in shares of Altria Group by 4.3% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 140,356 shares of the company’s stock valued at $8,060,000 after acquiring an additional 5,748 shares during the period. Investec Asset Management North America Inc. grew its stake in shares of Altria Group by 1.2% during the 1st quarter. Investec Asset Management North America Inc. now owns 28,608 shares of the company’s stock valued at $1,643,000 after acquiring an additional 347 shares during the period. Finally, Avalon Advisors LLC grew its stake in shares of Altria Group by 13.2% during the 1st quarter. Avalon Advisors LLC now owns 1,194,977 shares of the company’s stock valued at $68,628,000 after acquiring an additional 139,679 shares during the period. 63.25% of the stock is currently 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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