$4.82 Billion in Sales Expected for Altria Group (MO) This Quarter

Wall Street analysts expect that Altria Group (NYSE:MO) will report $4.82 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altria Group’s earnings, with the lowest sales estimate coming in at $4.75 billion and the highest estimate coming in at $4.89 billion. Altria Group reported sales of $3.98 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 21.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Altria Group will report full year sales of $4.82 billion for the current fiscal year, with estimates ranging from $19.53 billion to $19.68 billion. For the next financial year, analysts forecast that the company will post sales of $20.16 billion per share, with estimates ranging from $19.85 billion to $20.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Altria Group.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year.

A number of equities research analysts recently weighed in on MO shares. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a report on Friday, October 27th. Cowen restated a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $72.90.

Shares of Altria Group (MO) opened at $68.58 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group has a fifty-two week low of $60.01 and a fifty-two week high of $77.79. The firm has a market cap of $129,422.98, a PE ratio of 21.46, a P/E/G ratio of 2.77 and a beta of 0.62.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in MO. British Columbia Investment Management Corp boosted its holdings in Altria Group by 17.0% in the 1st quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock worth $61,261,000 after buying an additional 124,740 shares during the period. RNC Capital Management LLC boosted its holdings in Altria Group by 3.5% in the 1st quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock worth $39,455,000 after buying an additional 18,855 shares during the period. Cedar Capital LLC boosted its holdings in Altria Group by 36.4% in the 1st quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock worth $397,000 after buying an additional 1,484 shares during the period. Intrust Bank NA boosted its holdings in Altria Group by 3.1% in the 1st quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock worth $1,665,000 after buying an additional 710 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its holdings in Altria Group by 9.2% in the 1st quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock worth $1,275,000 after buying an additional 1,502 shares during the period. 62.69% of the stock is owned by hedge funds and other institutional investors.

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Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

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

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