Zacks: Analysts Expect Altria Group, Inc. (NYSE:MO) Will Post Quarterly Sales of $5.82 Billion

Equities analysts expect Altria Group, Inc. (NYSE:MO) to post sales of $5.82 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Altria Group’s earnings. The lowest sales estimate is $5.76 billion and the highest is $5.93 billion. Altria Group posted sales of $5.68 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is scheduled to announce its next earnings results before the market opens on Thursday, October 28th.

On average, analysts expect that Altria Group will report full year sales of $21.32 billion for the current financial year, with estimates ranging from $21.16 billion to $21.53 billion. For the next fiscal year, analysts forecast that the business will report sales of $21.82 billion, with estimates ranging from $21.03 billion to $23.08 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Altria Group.

Altria Group (NYSE:MO) last issued its earnings results on Wednesday, July 28th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. Altria Group had a net margin of 17.22% and a return on equity of 268.09%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.36 billion.

A number of equities research analysts have issued reports on MO shares. Redburn Partners started coverage on shares of Altria Group in a report on Thursday, June 17th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $54.00 target price on shares of Altria Group in a report on Friday, July 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Buy” and a consensus target price of $52.75.

Large investors have recently made changes to their positions in the stock. Isthmus Partners LLC purchased a new position in Altria Group in the second quarter worth $25,000. Centerpoint Advisors LLC grew its position in Altria Group by 120.0% in the second quarter. Centerpoint Advisors LLC now owns 550 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares in the last quarter. Alaethes Wealth LLC purchased a new position in Altria Group in the second quarter worth $26,000. Bellwether Advisors LLC boosted its position in Altria Group by 79.6% during the second quarter. Bellwether Advisors LLC now owns 573 shares of the company’s stock valued at $27,000 after buying an additional 254 shares during the period. Finally, Mizuho Securities Co. Ltd. boosted its position in Altria Group by 263.3% during the first quarter. Mizuho Securities Co. Ltd. now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 395 shares during the period. Institutional investors own 59.44% of the company’s stock.

MO stock traded up $0.72 during midday trading on Friday, reaching $49.09. 80,336 shares of the company’s stock traded hands, compared to its average volume of 8,265,963. The company has a 50-day moving average price of $48.41 and a two-hundred day moving average price of $48.79. The company has a debt-to-equity ratio of 8.67, a quick ratio of 0.41 and a current ratio of 0.72. Altria Group has a 52 week low of $35.83 and a 52 week high of $52.59. The firm has a market capitalization of $90.53 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.63.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 12th. Stockholders of record on Wednesday, September 15th will be given a dividend of $0.90 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Tuesday, September 14th. Altria Group’s payout ratio is 78.90%.

Altria Group Company Profile

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

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

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