Stock Earnings to Watch: Altria Group, Inc. (NYSE:MO) Tops Quarterly Revenues, Approves $2B Share Buyback Plan

Shares of Altria Group, Inc. (NYSE:MO) jumped 1.98% of the stock market on 01-28-2k19 (Thursday) to reach at $42.65 during previous trading session. The company has experienced volume of 9,547,220 shares while on average the company has a capacity of trading 9.53M share. Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period.

Altria’s (MO) net revenues for Q4 increased 4.9% year-on-year to $6.3 billion, which topped analysts’ forecasts of $5 billion. Full-year revenues increased by 4.2% year-on-year to $26.1 billion.

EPS in Q4 jumped by more than 100% year-on-year to $1.03, while adjusted diluted EPS declined by 2% to $0.99. Analysts were expecting $1.02 per share. Full-year earnings grew to $2.40 per share.

The company also announced a $2 billion share repurchase program that it expects to complete by June 30, 2022.

“Altria delivered outstanding results in 2020 and managed through the challenges presented by the COVID-19 pandemic,” said Altria’s CEO Billy Gifford. “Our tobacco businesses were resilient and we made steady progress toward our 10-year Vision to responsibly transition adult smokers to a noncombustible future.”

Altria sees earnings growth of between 3% and 6% in 2021 driven by market and industry trends including stay-at-home practices, unemployment rates, COVID vaccines and stimulus cheques. Analysts are projecting 2021 full-year adjusted EPS of between $4.49 and $4.62

Bernstein analyst Callum Elliott initiated a Buy rating on MO last week, setting a price target of $53. This implies upside potential of around 24% from current levels.

Elliott believes U.S. regulatory developments over the past 18 months have halted the progress of the vaping industry and have extended the lifetime of established cigarette brands.

Altria receives a Moderate Buy consensus rating based on 4 Buys and 3 Holds. The average analyst price target of $50.17 suggests upside potential of around 18% over the next 12 months.

Altria scores a Market Neutral 4 out of 10 on TipRanks’ Smart Score which implies that the stock is likely to perform in line with market expectations.

 Altria Group, Inc. (NYSE:MO) holds the market capitalization of $79.47B along with 1.86B outstanding shares. During the last trade, stock’s minimum price has been reached out at $41.78 while the maximum trading price moved at $43.04.

Earnings-per-Share (EPS) is the portion of a Altria Group, Inc. profit that is allocated to each outstanding share of its common stock. It is calculated by taking the difference between a company’s net income and dividends paid for preferred stock and then dividing that figure by the average number of shares outstanding.

The EPS of MO was strolling at 0.47, measuring its EPS growth this year at -117.20%. As a result, the company has an EPS growth of 5.57% for the coming year.

Presently the stock price is moving 37.80% off from the highest level of twelve months and -15.99% above from twelve months low.

Altria Group, Inc. (NYSE:MO) marked 52-week highest price level of $50.77 on Apr 27, 2021 and 52-week lowest price level of $30.95 on May 02, 2021.

As of current trade, Altria Group, Inc. (NYSE:MO) has shown weekly upbeat performance of 1.69%. Its six months performance indicated a bullish 2.45% movement while its yearly performance reflected a negative trend of -14.89%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 4.02%.

Shares of Altria Group, Inc. (NYSE:MO) currently have an ABR of 1.85, derived from a total of 10 opinions. The company’s price sits 2.81% above from its 50-day moving average of $41.90 and 5.47% above from the stock’s 200-day moving average of $41.04. The company has Relative Strength Index (RSI 14) of 60.77 along with Average True Range (ATR 14) of 0.81. Its weekly and monthly volatility is 1.97%, 1.86% respectively. The company’s beta value is at 0.63.

Altria Group, Inc. currently has a PEG ratio of 16.27 where as its P/E ratio is 91.13. The company’s price to sales ratio for trailing twelve months is 3.07 and price to book ratio for most recent quarter is 25.24, whereas price to cash per share for the most recent quarter is 19.27.

Altria Group, Inc. (NYSE:MO)’s price to free cash flow for trailing twelve months is 41.87. Its quick ratio for most recent quarter is 0.50 along with current ratio for most recent quarter of 0.80.

Total debt to equity ratio of the company for most recent quarter is 9.32 whereas long term debt to equity ratio for most recent quarter is 8.84.

Altria Group, Inc. (NYSE:MO) has a Return on Assets of 1.50%. The company currently has a Return on Equity of 13.40% and Return on Investment of -5.00%.

Jake Charles

About Jake Charles

This is Jake Charles, a Senior News Writer for “Stocks Equity”. I covers “Active Stocks” sector and writes about trending Active Hot companies from an exclusive and “out of the box” perspective. I worked independently as a self motivator and with the financial institute as financial adviser to invest in the Active sector for over 9 years in the developing countries by introducing new phases and ways to improve in this sector. I like to travel all over the globe to get new experience and provide by best services to the companies. As an advisor I like to work with new people to share and explore new ideas keeping in view minimizing the operating cost and giving the best final product through new technology and minimizing the time of development.

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