Wall Street brokerages expect Altria Group Inc (NYSE:MO) to announce $0.94 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Altria Group’s earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.91. Altria Group reported earnings of $0.73 per share during the same quarter last year, which would indicate a positive year over year growth rate of 28.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Altria Group will report full-year earnings of $4.00 per share for the current year, with EPS estimates ranging from $3.95 to $4.04. For the next year, analysts expect that the firm will report earnings of $4.40 per share, with EPS estimates ranging from $4.28 to $4.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Altria Group.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. Altria Group’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share.
In related news, CEO Brian W. Quigley sold 3,464 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $62.40, for a total transaction of $216,153.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $62.34, for a total transaction of $199,488.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,117 shares of company stock valued at $1,821,707. 0.11% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. NewSquare Capital LLC grew its position in shares of Altria Group by 4,734.7% in the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after purchasing an additional 106,530 shares during the period. Balentine LLC grew its position in shares of Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the period. Quantum Capital Management LLC NJ acquired a new stake in shares of Altria Group in the third quarter valued at about $114,000. Northwest Investment Counselors LLC grew its position in shares of Altria Group by 557.0% in the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock valued at $115,000 after purchasing an additional 1,543 shares during the period. Finally, Oak Point Wealth Management acquired a new stake in shares of Altria Group in the fourth quarter valued at about $120,000. 62.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Altria Group (NYSE MO) traded up $0.12 on Monday, reaching $65.77. 8,234,659 shares of the company’s stock traded hands, compared to its average volume of 8,089,997. The firm has a market capitalization of $124,960.00, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 0.85.
Altria Group declared that its board has initiated a share buyback program on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.26%. This is a boost from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s dividend payout ratio (DPR) is currently 74.16%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.