Altria Group (NYSE:MO) Updates FY 2022 Earnings Guidance

Altria Group (NYSE:MOGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $4.79-$4.93 for the period, compared to the consensus earnings per share estimate of $4.84. The company issued revenue guidance of -.

Shares of NYSE:MO traded down $3.55 on Tuesday, reaching $51.71. The company had a trading volume of 418,343 shares, compared to its average volume of 9,382,570. Altria Group has a twelve month low of $42.53 and a twelve month high of $57.05. The stock has a market capitalization of $93.62 billion, a P/E ratio of 33.70, a P/E/G ratio of 2.92 and a beta of 0.50. The stock has a 50-day moving average price of $53.58 and a 200 day moving average price of $49.72.

Altria Group (NYSE:MOGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.88 billion. Altria Group had a negative return on equity of 2,506.92% and a net margin of 11.64%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. On average, research analysts anticipate that Altria Group will post 4.84 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, March 25th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $3.60 dividend on an annualized basis and a yield of 6.96%. Altria Group’s dividend payout ratio (DPR) is currently 219.51%.

Several research analysts have commented on MO shares. Cowen raised their price target on shares of Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Royal Bank of Canada lowered shares of Altria Group from an outperform rating to a sector perform rating and set a $53.00 price objective for the company. in a research report on Monday, March 28th. Morgan Stanley raised their price target on shares of Altria Group from $47.00 to $51.00 and gave the stock an equal weight rating in a research note on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $54.00 to $60.00 in a research note on Friday, April 29th. Finally, Cowen upped their target price on shares of Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $53.75.

Several institutional investors and hedge funds have recently modified their holdings of the company. Richwood Investment Advisors LLC purchased a new stake in Altria Group during the fourth quarter valued at about $31,000. Carroll Investors Inc purchased a new position in shares of Altria Group during the 4th quarter worth about $38,000. EverSource Wealth Advisors LLC bought a new stake in shares of Altria Group in the 4th quarter valued at about $69,000. Zullo Investment Group Inc. acquired a new position in Altria Group during the 4th quarter valued at approximately $240,000. Finally, V Wealth Advisors LLC boosted its holdings in shares of Altria Group by 16.2% in the 4th quarter. V Wealth Advisors LLC now owns 8,329 shares of the company’s stock valued at $394,000 after acquiring an additional 1,160 shares during the last quarter. Institutional investors own 59.05% of the company’s stock.

Altria Group Company Profile (Get Rating)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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

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