|Bid||60.88 x 1400|
|Ask||60.89 x 800|
|Day's Range||60.29 - 60.93|
|52 Week Range||53.91 - 74.38|
|PE Ratio (TTM)||10.93|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||2.80 (4.78%)|
|1y Target Est||67.24|
When Altria Group Inc (NYSE:MO) announced its most recent earnings (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...
I can’t think of a stock that’s more hated than Philip Morris International (NYSE:PM). We’ve written about this company several times before. And just about every time we mention it, we end up receiving nasty emails admonishing the fact that we would cover — let alone recommend — investors own shares of this company.Source: Taber Andrew Bain Via Flickr
Whether you're looking for big yield or big payout growth, these investors have identified Apple, Altria, and Antero Midstream Partners as stocks that deserve your attention.
On July 27, Altria Group (MO) was trading at $57.90. On the same day, analysts set their average price target for the company at $67.24, representing a return potential of 16.1%. Before the announcement of Altria’s second-quarter earnings, analysts set their average price target for the stock at $68.24.
Altria Group (MO) posted EPS of $0.99 in its second quarter. However, removing special items, the company’s adjusted EPS stood at $1.01, representing a rise of 18.8% YoY (year-over-year) from $0.85. This EPS growth was driven by a lower effective tax rate and the shares the company repurchased over the last four quarters partially offset by its lower operating income and increased investment in innovative tobacco products. The company’s cost of sales fell due to lower shipment volumes in the Smokable Products segment.
For the next four quarters, analysts are expecting Altria Group (MO) to post revenue of $19.81 billion, which represents a rise of 2.2% from the corresponding four quarters of the previous year. To maximize its core tobacco business and realize the full potential of its innovative tobacco products, Altria has established two divisions: core tobacco and innovative tobacco products. The company will also be creating a new position for a chief growth officer, who will identify adult tobacco consumers’ needs and translate them into strategies for Altria to develop innovative products.
Altria Group (MO) posted revenue of $4.88 billion net of excise tax in the second quarter, short of analysts’ consensus expectation of $5.03 billion.
Altria Group (MO) posted its second-quarter earnings results before the market opened on July 26. The company posted adjusted EPS of $1.01 on revenue of $4.88 billion net of excise tax.
Inc.’s revenue declined in its latest quarter as it lost share in a shrinking U.S. smoking market, fanning fears the Marlboro maker is losing customers to e-cigarette startups like Juul Labs Inc. The company said Marlboro volumes fell 10% in the quarter, faster than expected. Overall, Altria said its cigarettes U.S. retail market share declined to 50.2% in the second quarter from 50.9% in the same quarter a year before.
Altria's (MO) Q2 results benefit from growth in smokeless category. However, lower revenues in the smokeable unit are a drag.
Altria Group (MO) posted its second-quarter earnings today. The lower-than-expected revenue and a decline in the company’s total cigarette retail market share of 0.7% to 50.2% from 50.9% in Q2 2017 led Altria’s stock price to fall in the pre-market hours. Year-over-year, Altria’s revenue, net of excise tax, declined 3.7%.
A quarter-century ago, Philip Morris lost a quarter of its value in a single day after the company drastically reduced expectations for its long-term profitability, just as Facebook did on Wednesday.
MARKET PULSE Shares of Altria Group Inc. (mo) slumped 2.4% in premarket trade Thursday, after the tobacco and smokeless products company beat second-quarter earnings expectations but missed on revenue.
The Richmond, Virginia-based company said it had profit of 99 cents per share. Earnings, adjusted for non-recurring costs, were $1.01 per share. The results topped Wall Street expectations. The average ...
Altria Group, Inc. today announced its 2018 second-quarter and first-half business results and tightened its guidance for 2018 full-year adjusted diluted earnings per share .