Wall Street brokerages expect Altria Group Inc (NYSE:MO) to report $4.82 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Altria Group’s earnings. The highest sales estimate is $4.89 billion and the lowest is $4.75 billion. Altria Group reported sales of $3.98 billion in the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The business is scheduled to announce its next 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 year, with estimates ranging from $19.53 billion to $19.68 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $20.10 billion per share, with estimates ranging from $19.85 billion to $20.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Altria Group.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS.
Shares of Altria Group (NYSE MO) opened at $70.40 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. The company has a market capitalization of $134,340.00, a price-to-earnings ratio of 8.80, a P/E/G ratio of 2.64 and a beta of 0.62. Altria Group has a one year low of $60.01 and a one year high of $77.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.75%. Altria Group’s payout ratio is 33.00%.
A number of institutional investors and hedge funds have recently modified their holdings of MO. Stillwater Investment Management LLC raised its position in shares of Altria Group by 1,303.0% during the fourth quarter. Stillwater Investment Management LLC now owns 54,717 shares of the company’s stock worth $2,764,000 after acquiring an additional 50,817 shares during the last quarter. Atlantic Trust Group LLC raised its position in shares of Altria Group by 36.9% during the third quarter. Atlantic Trust Group LLC now owns 208,401 shares of the company’s stock worth $13,217,000 after acquiring an additional 56,136 shares during the last quarter. AustralianSuper Pty Ltd raised its position in shares of Altria Group by 14.1% during the third quarter. AustralianSuper Pty Ltd now owns 381,300 shares of the company’s stock worth $24,182,000 after acquiring an additional 47,000 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Altria Group by 0.4% during the third quarter. Parametric Portfolio Associates LLC now owns 4,245,743 shares of the company’s stock worth $269,265,000 after acquiring an additional 16,747 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Altria Group by 90.6% during the third quarter. Chicago Partners Investment Group LLC now owns 5,193 shares of the company’s stock worth $329,000 after acquiring an additional 2,468 shares during the last quarter. Hedge funds and other institutional investors own 62.64% of the company’s stock.
About Altria Group
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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