Altria Group (MO) to Release Earnings on Wednesday

Altria Group (NYSE:MOGet Rating) is set to post its quarterly earnings results before the market opens on Wednesday, February 1st. Analysts expect Altria Group to post earnings of $1.18 per share for the quarter. Altria Group has set its FY22 guidance at $4.81-$4.89 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Altria Group (NYSE:MOGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.03). The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Altria Group had a negative return on equity of 345.98% and a net margin of 18.61%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. On average, analysts expect Altria Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Altria Group Price Performance

Shares of Altria Group stock opened at $44.78 on Wednesday. Altria Group has a 1-year low of $38.08 and a 1-year high of $57.05. The company’s fifty day simple moving average is $45.76 and its 200-day simple moving average is $44.68. The stock has a market capitalization of $80.25 billion, a PE ratio of 17.42, a P/E/G ratio of 2.23 and a beta of 0.62.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Investors of record on Thursday, December 22nd were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date was Wednesday, December 21st. Altria Group’s dividend payout ratio (DPR) is 146.30%.

Hedge Funds Weigh In On Altria Group

Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in Altria Group by 6.7% in the first quarter. Proficio Capital Partners LLC now owns 6,523 shares of the company’s stock valued at $341,000 after buying an additional 407 shares during the last quarter. Fort Point Capital Partners LLC lifted its stake in Altria Group by 5.3% in the first quarter. Fort Point Capital Partners LLC now owns 8,713 shares of the company’s stock valued at $455,000 after buying an additional 437 shares during the last quarter. Avalon Investment & Advisory raised its stake in shares of Altria Group by 7.1% during the first quarter. Avalon Investment & Advisory now owns 6,920 shares of the company’s stock valued at $362,000 after purchasing an additional 459 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Altria Group during the first quarter valued at about $25,000. Finally, GM Advisory Group Inc. raised its stake in shares of Altria Group by 2.5% during the first quarter. GM Advisory Group Inc. now owns 22,918 shares of the company’s stock valued at $1,197,000 after purchasing an additional 550 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of analyst reports. Cowen lifted their target price on shares of Altria Group to $47.00 in a research note on Tuesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target on shares of Altria Group in a research note on Monday, October 31st. UBS Group cut shares of Altria Group from a “neutral” rating to a “sell” rating and set a $38.00 price target on the stock. in a research note on Thursday, November 10th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 19th. Finally, Morgan Stanley boosted their price target on shares of Altria Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $46.91.

About Altria Group

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Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

Further Reading

Earnings History for Altria Group (NYSE:MO)

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