Altria Group (NYSE:MO – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.07-5.15 for the period, compared to the consensus earnings per share estimate of $5.10. Altria Group also updated its FY 2024 guidance to 5.070-5.150 EPS.
Wall Street Analysts Forecast Growth
MO has been the topic of several analyst reports. StockNews.com upgraded Altria Group from a hold rating to a buy rating in a research note on Friday, June 28th. Argus upgraded Altria Group to a hold rating in a research report on Friday, May 31st. Stifel Nicolaus lifted their price objective on Altria Group from $50.00 to $54.00 and gave the company a buy rating in a report on Thursday. Bank of America upped their target price on shares of Altria Group from $47.00 to $48.00 and gave the stock a neutral rating in a report on Wednesday, July 10th. Finally, UBS Group increased their target price on shares of Altria Group from $36.10 to $36.50 and gave the stock a sell rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Altria Group presently has a consensus rating of Hold and an average price target of $47.90.
Get Our Latest Stock Report on Altria Group
Altria Group Stock Up 2.1 %
Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Altria Group had a negative return on equity of 232.55% and a net margin of 42.25%. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. Analysts anticipate that Altria Group will post 5.11 EPS for the current fiscal year.
Altria Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 7.68%. Altria Group’s dividend payout ratio is currently 82.01%.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.
See Also
- Five stocks we like better than Altria Group
- What is the NASDAQ Stock Exchange?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- How to Calculate Options Profits
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What is a Bond Market Holiday? How to Invest and Trade
- MarketBeat Week in Review – 7/29 – 8/2
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.