Altria Group (NYSE:MO) Issues FY 2022 Earnings Guidance

Altria Group (NYSE:MOGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $4.79-$4.93 for the period, compared to the consensus EPS estimate of $4.86. The company issued revenue guidance of -.

A number of equities analysts have commented on the company. StockNews.com assumed coverage on Altria Group in a research note on Thursday, March 31st. They issued a buy rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $54.00 to $60.00 in a research note on Friday, April 29th. Cowen boosted their price objective on Altria Group from $51.00 to $53.00 in a research note on Thursday, April 7th. Royal Bank of Canada lowered Altria Group from an outperform rating to a sector perform rating and set a $53.00 price objective on the stock. in a research note on Monday, March 28th. Finally, Cowen boosted their price objective on Altria Group from $51.00 to $53.00 in a research note on Thursday, April 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Altria Group presently has a consensus rating of Hold and a consensus price target of $53.75.

NYSE MO opened at $54.08 on Thursday. The stock has a 50-day simple moving average of $53.95 and a 200 day simple moving average of $50.55. The company has a market capitalization of $97.92 billion, a PE ratio of 32.98, a P/E/G ratio of 2.79 and a beta of 0.50. Altria Group has a 12 month low of $42.53 and a 12 month high of $57.05.

Altria Group (NYSE:MOGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.88 billion. Altria Group had a negative return on equity of 2,506.92% and a net margin of 11.64%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts predict that Altria Group will post 4.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Investors of record on Wednesday, June 15th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $3.60 dividend on an annualized basis and a yield of 6.66%. Altria Group’s dividend payout ratio is presently 219.51%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P bought a new stake in Altria Group in the first quarter valued at about $25,000. Richwood Investment Advisors LLC bought a new stake in shares of Altria Group in the fourth quarter worth about $31,000. Carroll Investors Inc bought a new stake in shares of Altria Group in the fourth quarter worth about $38,000. 1832 Asset Management L.P. bought a new stake in shares of Altria Group in the first quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Altria Group in the fourth quarter worth about $69,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

Altria Group Company Profile (Get Rating)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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

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