Wall Street analysts expect Altria Group Inc (NYSE:MO) to post $0.81 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Altria Group’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.82. Altria Group reported earnings of $0.68 per share during the same quarter last year, which would indicate a positive year over year growth rate of 19.1%. The business is expected to issue its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Altria Group will report full year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.28 to $3.30. For the next fiscal year, analysts expect that the firm will report earnings of $3.57 per share, with EPS estimates ranging from $3.55 to $3.60. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Altria Group.

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

A number of analysts recently weighed in on the stock. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr raised shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 target price for the company in a report on Thursday, December 28th. UBS Group lowered their target price on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Cowen reaffirmed a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, Citigroup lowered their target price on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Altria Group currently has a consensus rating of “Hold” and an average price target of $72.66.

Shares of Altria Group (MO) opened at $70.48 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The firm has a market cap of $134,490.00, a P/E ratio of 8.81, a P/E/G ratio of 2.69 and a beta of 0.62. Altria Group has a fifty-two week low of $60.01 and a fifty-two week high of $77.79.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio is presently 33.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in MO. Janus Henderson Group PLC boosted its position in shares of Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares in the last quarter. BlackRock Inc. lifted its position in Altria Group by 7.6% in the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after acquiring an additional 8,969,677 shares in the last quarter. Capital World Investors lifted its position in Altria Group by 27.6% in the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after acquiring an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. lifted its position in Altria Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after acquiring an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in Altria Group by 67.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after acquiring an additional 1,974,500 shares in the last quarter. 62.64% of the stock is currently owned by 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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