Altria Group (NYSE:MO) announced its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04, Briefing.com reports. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Altria Group updated its FY19 guidance to $4.19-4.27 EPS.
Shares of MO traded up $0.43 during mid-day trading on Friday, reaching $46.41. 5,522,956 shares of the company’s stock were exchanged, compared to its average volume of 10,315,709. The company has a quick ratio of 0.27, a current ratio of 0.56 and a debt-to-equity ratio of 2.53. The company has a 50-day simple moving average of $43.42 and a two-hundred day simple moving average of $47.52. Altria Group has a 52-week low of $39.30 and a 52-week high of $66.04. The company has a market cap of $86.40 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.72 and a beta of 0.41.
MO has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Altria Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Argus set a $60.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research report on Thursday, October 10th. ValuEngine cut shares of Altria Group from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Barclays set a $50.00 target price on shares of Altria Group and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America set a $54.00 target price on shares of Altria Group and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Altria Group currently has a consensus rating of “Hold” and an average price target of $54.35.
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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