Altria Group (NYSE:MO – Get Free Report) posted its earnings results on Wednesday. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04), Briefing.com reports. The company had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $1.31 earnings per share. Altria Group updated its FY24 guidance to $5.07-5.15 EPS and its FY 2024 guidance to 5.070-5.150 EPS.
Altria Group Trading Down 3.0 %
MO opened at $49.01 on Thursday. Altria Group has a 1-year low of $39.06 and a 1-year high of $50.85. The business has a 50 day moving average of $46.87 and a 200-day moving average of $43.86. The stock has a market capitalization of $84.18 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 3.10 and a beta of 0.66.
Altria Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 14th were paid a $0.98 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 8.00%. Altria Group’s payout ratio is presently 82.01%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Altria Group
About Altria Group
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.
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