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Altria Group Inc (NYSE:MO) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.54-2.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57, Analyst Ratings.Net reports.

Shares of Altria Group Inc (NYSE:MO) opened at 43.19 on Wednesday. Altria Group Inc has a 52 week low of $33.72 and a 52 week high of $43.70. The stock has a 50-day moving average of $41.96 and a 200-day moving average of $39.98. The company has a market cap of $85.516 billion and a price-to-earnings ratio of 19.91.

Altria Group (NYSE:MO) last released its earnings data on Tuesday, July 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Altria Group Inc will post $2.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Investors of record on Monday, September 15th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Altria Group’s previous quarterly dividend of $0.48.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Altria Group in a research note on Thursday, August 28th. They now have a $45.00 price target on the stock. Analysts at Cowen and Company initiated coverage on shares of Altria Group in a research note on Thursday, July 10th. They set an outperform rating and a $91.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $48.88.

Altria Group, Inc, is a holding company. At December 31, 2012, Altria Group, Inc’s direct and indirect wholly-owned subsidiaries included Philip Morris USA Inc (NYSE:MO), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly-owned subsidiaries, including U.

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