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

Altria Group (NYSE:MO – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $4.79-$4.93 for the period, compared to the consensus EPS estimate of $4.86. The company issued revenue guidance of -.

A number of brokerages recently commented on MO. Cowen upped their target price on Altria Group from $51.00 to $53.00 in a research note on Thursday, April 7th. Cowen upped their target price on Altria Group from $51.00 to $53.00 in a research note on Thursday, April 7th. Morgan Stanley upped their target price on Altria Group from $47.00 to $51.00 and gave the company an equal weight rating in a research note on Wednesday, January 26th. The Goldman Sachs Group upgraded Altria Group from a neutral rating to a buy rating and upped their price target for the company from $48.00 to $57.00 in a research report on Tuesday, March 22nd. Finally, Royal Bank of Canada cut Altria Group from an outperform rating to a sector perform rating and set a $53.00 price target on the stock. in a research report on Monday, March 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Altria Group has a consensus rating of Hold and a consensus target price of $53.75.

Shares of NYSE:MO opened at $53.89 on Thursday. The business’s fifty day moving average price is $53.78 and its two-hundred day moving average price is $50.24. The stock has a market capitalization of $97.57 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.64 and a beta of 0.50. Altria Group has a fifty-two week low of $42.53 and a fifty-two week high of $57.05.

Altria Group (NYSE:MO – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. Equities research analysts forecast that Altria Group will post 4.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Tuesday, June 14th. Altria Group’s payout ratio is presently 219.51%.

Several institutional investors and hedge funds have recently modified their holdings of the company. EP Wealth Advisors LLC lifted its stake in shares of Altria Group by 1.0% during the fourth quarter. EP Wealth Advisors LLC now owns 28,795 shares of the company’s stock valued at $1,365,000 after acquiring an additional 285 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Altria Group by 4.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 9,363 shares of the company’s stock valued at $469,000 after acquiring an additional 358 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Altria Group by 6.7% during the first quarter. Proficio Capital Partners LLC now owns 6,523 shares of the company’s stock valued at $341,000 after acquiring an additional 407 shares during the period. Fort Point Capital Partners LLC lifted its stake in shares of Altria Group by 5.3% during the first quarter. Fort Point Capital Partners LLC now owns 8,713 shares of the company’s stock valued at $455,000 after acquiring an additional 437 shares during the period. Finally, Avalon Investment & Advisory lifted its stake in shares of Altria Group by 7.1% during the first quarter. Avalon Investment & Advisory now owns 6,920 shares of the company’s stock valued at $362,000 after acquiring an additional 459 shares during the period. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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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