$4.79 Billion in Sales Expected for Altria Group Inc (MO) This Quarter

Wall Street analysts expect Altria Group Inc (NYSE:MO) to report sales of $4.79 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Altria Group’s earnings, with estimates ranging from $4.70 billion to $4.89 billion. Altria Group posted sales of $3.98 billion during the same quarter last year, which would indicate a positive year over year growth rate of 20.4%. The company is scheduled to report its next earnings report before the market opens on Wednesday, February 7th.

On average, analysts expect that Altria Group will report full year sales of $4.79 billion for the current fiscal year, with estimates ranging from $19.48 billion to $19.68 billion. For the next financial year, analysts anticipate that the firm will post sales of $20.09 billion per share, with estimates ranging from $19.85 billion to $20.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Altria Group.

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

MO has been the subject of a number of research reports. Cowen upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $64.00 to $71.00 in a report on Tuesday, September 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Wednesday, October 11th. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective for the company. in a report on Friday, October 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.71.

Hedge funds have recently made changes to their positions in the company. Solaris Asset Management LLC lifted its holdings in shares of Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group bought a new position in shares of Altria Group in the 2nd quarter worth $109,000. Balentine LLC lifted its holdings in shares of Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after purchasing an additional 106,530 shares in the last quarter. Finally, Quantum Capital Management LLC NJ bought a new position in shares of Altria Group in the 3rd quarter worth $114,000. 62.64% of the stock is owned by institutional investors.

Altria Group (NYSE:MO) opened at $71.12 on Monday. The company has a market cap of $135,710.00, a PE ratio of 8.89, a PEG ratio of 2.60 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 company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is 33.00%.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/22/4-79-billion-in-sales-expected-for-altria-group-inc-mo-this-quarter.html.

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.

Get a free copy of the Zacks research report on Altria Group (MO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply