Analysts expect Altria Group Inc (NYSE:MO) to report $5.49 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Altria Group’s earnings, with the lowest sales estimate coming in at $5.37 billion and the highest estimate coming in at $5.57 billion. Altria Group posted sales of $5.41 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The business is scheduled to announce its next earnings report on Thursday, October 29th.
On average, analysts expect that Altria Group will report full-year sales of $20.45 billion for the current year, with estimates ranging from $20.29 billion to $20.65 billion. For the next fiscal year, analysts anticipate that the company will post sales of $20.86 billion, with estimates ranging from $20.22 billion to $21.42 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 issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Altria Group had a negative net margin of 3.57% and a positive return on equity of 109.11%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the business earned $1.10 EPS. The company’s revenue was down 2.5% compared to the same quarter last year.
Shares of Altria Group stock traded down $0.43 during trading on Monday, hitting $41.15. 7,567,629 shares of the stock were exchanged, compared to its average volume of 6,420,735. The stock has a market capitalization of $76.47 billion, a price-to-earnings ratio of -79.13, a price-to-earnings-growth ratio of 1.93 and a beta of 0.43. The company has a fifty day moving average price of $40.34 and a 200-day moving average price of $41.29. Altria Group has a 1-year low of $30.95 and a 1-year high of $52.45. The company has a current ratio of 0.75, a quick ratio of 0.53 and a debt-to-equity ratio of 4.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th will be issued a $0.86 dividend. The ex-dividend date is Monday, September 14th. This represents a $3.44 dividend on an annualized basis and a yield of 8.36%. This is an increase from Altria Group’s previous quarterly dividend of $0.84. Altria Group’s payout ratio is currently 79.62%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sailer Financial LLC bought a new stake in shares of Altria Group during the 4th quarter worth approximately $75,000. GW Henssler & Associates Ltd. increased its position in Altria Group by 5.6% during the 4th quarter. GW Henssler & Associates Ltd. now owns 221,677 shares of the company’s stock worth $11,064,000 after purchasing an additional 11,833 shares in the last quarter. Hayden Royal LLC increased its position in Altria Group by 5.1% during the 4th quarter. Hayden Royal LLC now owns 11,733 shares of the company’s stock worth $531,000 after purchasing an additional 565 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its position in Altria Group by 1.5% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 102,919 shares of the company’s stock worth $5,137,000 after purchasing an additional 1,546 shares in the last quarter. Finally, MADDEN SECURITIES Corp acquired a new position in Altria Group during the 4th quarter worth approximately $1,021,000. 63.59% of the stock is owned by hedge funds and other institutional investors.
Altria Group Company Profile
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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