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Altria Group, Inc. (NYSE:MO) manufactures and sells smokable and oral tobacco merchandise in the USA. The corporate provides cigarettes primarily below the Marlboro model; massive cigars and pipe tobacco below the Black & Delicate model; smokeless moist tobacco and snus merchandise below the Copenhagen, Skoal, Pink Seal and Husky manufacturers; oral nicotine sachets below the on! model; and e-vapor merchandise below the NJOY ACE model.
The corporate will report its fourth quarter 2024 outcomes on January 30, 2025. Wall Avenue analysts count on the corporate to publish EPS of $1.29, up from $1.18 final 12 months. In line with knowledge from Benzinga Professional, quarterly income is anticipated to be $5.06 billion, up from $5.02 billion a 12 months in the past.
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Altria Group’s 52-week inventory value vary was $39.25 to $58.04.
The Altria Group dividend yield is 7.58%. Over the previous 12 months, it paid $4.08 per share in dividends.
On October 31, the corporate introduced its third quarter 2024 outcomes, posting adjusted earnings per share of $1.38, beating the Avenue View of $1.35, as reported On gasoline. Quarterly gross sales of $5.334 billion (+1.3%) exceeded analysts’ consensus estimate of $5.326 billion.
The smokeable merchandise section reported that home cigarette cargo quantity decreased by 8.6%, primarily because of the business’s decline fee and retail market share losses. Actions in industrial shares and calendar variations partly compensate for this phenomenon. Marlboro cargo quantity fell 7.5% throughout the quarter.
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The corporate reaffirmed its steerage for 2024, projecting adjusted diluted EPS of between $5.07 and $5.15 (estimate: $5.10). This displays a development fee of two.5% to 4% from the bottom of $4.95 for 2023, with anticipated development weighted towards the second half of the 12 months.
If you wish to earn $100 monthly – $1,200 per 12 months – from Altria Group dividends, the worth of your funding must be roughly $15,831, or roughly 294 shares at $53.84 every.
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