Wall Street analysts expect Altria Group (NYSE:MO) to post sales of $5.21 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Altria Group’s earnings, with estimates ranging from $5.17 billion to $5.26 billion. Altria Group reported sales of $5.19 billion in the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The business is expected to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Altria Group will report full year sales of $5.21 billion for the current financial year, with estimates ranging from $19.64 billion to $19.79 billion. For the next year, analysts forecast that the business will post sales of $20.09 billion per share, with estimates ranging from $19.89 billion to $20.34 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Altria Group.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the business earned $0.81 EPS. The company’s revenue was up 3.2% compared to the same quarter last year.

A number of research firms recently commented on MO. BidaskClub raised Altria Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Berenberg Bank set a $72.00 target price on Altria Group and gave the company a “hold” rating in a research note on Sunday, August 6th. UBS AG reduced their target price on Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 target price on the stock in a research note on Monday, July 31st. Finally, Stifel Nicolaus reduced their target price on Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.66.

In other news, Director George Munoz sold 5,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total transaction of $361,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

Several hedge funds have recently bought and sold shares of MO. Acropolis Investment Management LLC raised its stake in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares in the last quarter. Mascoma Wealth Management LLC raised its stake in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock worth $193,000 after buying an additional 8 shares in the last quarter. HM Capital Management LLC raised its stake in Altria Group by 0.3% in the first quarter. HM Capital Management LLC now owns 3,435 shares of the company’s stock worth $245,000 after buying an additional 9 shares in the last quarter. Baystate Wealth Management LLC raised its stake in Altria Group by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock worth $270,000 after buying an additional 10 shares in the last quarter. Finally, Bellwether Investment Group LLC raised its stake in Altria Group by 0.3% in the second quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after buying an additional 12 shares in the last quarter. Institutional investors own 62.47% of the company’s stock.

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Altria Group (MO) traded down 0.62% during midday trading on Friday, hitting $64.37. The company had a trading volume of 3,560,842 shares. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The firm has a market capitalization of $124.11 billion, a P/E ratio of 8.49 and a beta of 0.61. The firm’s 50 day moving average is $71.69 and its 200-day moving average is $72.77.

Altria Group announced that its board has authorized a share buyback program on Thursday, July 27th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 0.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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.

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

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