Equities research analysts expect Altria Group Inc (NYSE:MO) to announce sales of $4.85 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Altria Group’s earnings, with estimates ranging from $4.81 billion to $4.90 billion. Altria Group posted sales of $3.94 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 23.1%. The company is expected to announce its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Altria Group will report full-year sales of $19.65 billion for the current financial year, with estimates ranging from $19.58 billion to $19.71 billion. For the next financial year, analysts anticipate that the company will report sales of $19.93 billion, with estimates ranging from $19.66 billion to $20.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Altria Group.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.22 billion.

A number of equities research analysts have recently issued reports on the stock. Argus increased their price target on shares of Altria Group from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Citigroup raised their target price on shares of Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, September 21st. ValuEngine raised shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of Altria Group in a research note on Tuesday, October 16th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $69.87.

In related news, Director Dinyar S. Devitre sold 3,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.11% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Regentatlantic Capital LLC grew its position in Altria Group by 15.9% during the third quarter. Regentatlantic Capital LLC now owns 36,272 shares of the company’s stock valued at $2,188,000 after acquiring an additional 4,974 shares during the last quarter. Fort Pitt Capital Group LLC grew its holdings in shares of Altria Group by 11.6% in the third quarter. Fort Pitt Capital Group LLC now owns 20,502 shares of the company’s stock worth $1,236,000 after purchasing an additional 2,139 shares during the last quarter. Exeter Financial LLC grew its holdings in shares of Altria Group by 8.7% in the second quarter. Exeter Financial LLC now owns 20,414 shares of the company’s stock worth $1,159,000 after purchasing an additional 1,638 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Altria Group in the second quarter worth approximately $20,143,000. Finally, Independence Bank of Kentucky grew its holdings in shares of Altria Group by 13.2% in the second quarter. Independence Bank of Kentucky now owns 14,488 shares of the company’s stock worth $823,000 after purchasing an additional 1,685 shares during the last quarter. Institutional investors and hedge funds own 63.79% of the company’s stock.

Shares of Altria Group stock traded down $0.63 on Friday, reaching $55.00. The stock had a trading volume of 215,073 shares, compared to its average volume of 9,641,278. Altria Group has a 1 year low of $53.91 and a 1 year high of $74.38. The company has a market cap of $104.63 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.58 and a beta of 0.40. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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