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. It sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia.
Altria Group Stock Performance
Shares of NYSE:MO opened at $45.45 on Thursday. Altria Group has a 1-year low of $41.00 and a 1-year high of $57.05. The company's fifty day moving average is $43.80 and its two-hundred day moving average is $49.68. The stock has a market capitalization of $81.85 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62.
Altria Group (NYSE:MO - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.01. Altria Group had a negative return on equity of 488.86% and a net margin of 6.88%. The company had revenue of $5.37 billion for the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts expect that Altria Group will post 4.86 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on MO shares. StockNews.com downgraded Altria Group from a "buy" rating to a "hold" rating in a report on Saturday, August 6th. Sanford C. Bernstein downgraded shares of Altria Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $58.00 to $53.00 in a research note on Tuesday, May 10th. Cowen lowered their price target on shares of Altria Group from $56.00 to $45.00 and set a "market perform" rating for the company in a report on Monday, June 27th. Cowen cut their price objective on shares of Altria Group from $56.00 to $45.00 and set a "market perform" rating on the stock in a report on Monday, June 27th. Finally, Barclays downgraded Altria Group from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $53.00 to $36.00 in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $47.00.