59.94 +0.01 (0.01%)
After hours: 4:44PM EDT
|Bid||59.50 x 4000|
|Ask||59.93 x 900|
|Day's range||59.58 - 60.94|
|52-week range||53.91 - 74.38|
|PE ratio (TTM)||10.77|
|Forward dividend & yield||2.80 (4.59%)|
|1y target est||N/A|
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...
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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.
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%.
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's (MO) Q2 results are likely to gain from rising reduced-risk tobacco products demand. However, soft cigarette volumes are a concern.
Zacks Industry Outlook Highlights: Philip Morris International, Altria Group, British American Tobacco, Imperial Tobacco Group and Turning Point Brands
On July 19, Philip Morris International (PM) was trading at $80.90. On the same day, analysts expected its stock price to reach $96.06 in the next 12 months, which represents a return potential of 18.7%. The company’s reduced EPS guidance appears to have prompted analysts to lower their price targets.
Of all the available valuation multiples, we’ll use the forward PE (price-to-earnings) multiple due to its high visibility in Philip Morris International’s (PM) future earnings. The forward PE multiple is calculated by dividing the company’s stock price from analysts’ EPS expectations for the next four quarters. On July 19, Philip Morris was trading at a forward PE multiple of 15.0x compared to 15.2x before the announcement of its second-quarter earnings.
Philip Morris International (PM) posted adjusted EPS of $1.41 in the second quarter, outperforming analysts’ expectations of $1.23. Year-over-year, the company’s EPS grew 23.7% due to revenue growth, expansion of its operating margin, and lower effective tax rates.
Wall Street analysts expect Philip Morris International (PM) to post revenues of $30.14 billion in the next four quarters, which represents a fall of 0.8% from $30.39 billion in the corresponding four quarters of the previous year. Philip Morris’s management has lowered its currency-neutral net revenue growth for 2018 to be 3.0%–4.0% from an earlier estimate of 8.0%. The downward revision of the sales forecast of iQOS and heated tobacco unit shipments in Japan, as well as shifting the affiliate in Argentina to highly inflationary accounting, led to the reduction of its sales growth guidance.
Philip Morris International (PM) reported its second-quarter earnings before the market opened on July 19. The company posted adjusted EPS of $1.41 on revenues of $7.73 billion. Compared to the second quarter of 2017, the company’s revenues grew 11.7%, while its EPS increased 23.7%.