Altria(MO)

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Altria Q2 earnings fall short of estimates as cigarette volumes continue to decline
Proactiveinvestors NA· 2024-07-31 13:42
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Altria (MO) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-31 13:10
Altria (MO) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.96%. A quarter ago, it was expected that this owner of Philip Morris USA, the nation's largest cigarette maker would post earnings of $1.16 per share when it actually produced earnings of $1.15, delivering a surprise of -0 ...
Altria(MO) - 2024 Q2 - Quarterly Report
2024-07-31 11:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-08940 Altria Group, Inc. (Exact name of registrant as specified in its charter) Virginia 13-3260245 (State or other jurisdiction of ...
Altria(MO) - 2024 Q2 - Quarterly Results
2024-07-31 11:02
Exhibit 99.1 ALTRIA REPORTS 2024 SECOND-QUARTER AND FIRST-HALF RESULTS; NARROWS 2024 FULL-YEAR EARNINGS GUIDANCE RICHMOND, Va. - July 31, 2024 - Altria Group, Inc. (NYSE: MO) today reports our 2024 second-quarter and first-half business results and narrows our guidance for 2024 full-year adjusted diluted earnings per share (EPS). "Altria's momentum continues to build as we pursue our Vision to responsibly lead the transition of adult smokers to a smoke-free future," said Billy Gifford, Altria's Chief Execut ...
Will Pricing Gains Drive Altria's Q2?
Forbes· 2024-07-31 02:14
GERMANY - 2024/07/28: In this photo illustration, an Altria Group, Inc. logo seen displayed on a ... [+] tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAltria (NYSE: MO) will report its Q2 2023 results on Wednesday, July 31, and it will likely post an upbeat quarter. We expect the company to post revenue of $5.43 billion and adjusted earnings of $1.35 per share, compared to the consensus estimates of $5.39 billion and $1.34, res ...
Altria's (MO) Q2 Earnings Coming Up: Buy, Sell or Hold Steady?
ZACKS· 2024-07-29 15:06
Altria Group, Inc. (MO) is scheduled to report second-quarter 2024 earnings on Jul 31. The Zacks Consensus Estimate for revenues is pegged at $5.43 billion, which indicates a 0.2% dip from the year-ago period. Image Source: Zacks Investment ResearchHowever, the bottom line is likely to have increased year over year. The consensus mark for earnings has remained unchanged in the past 30 days at $1.35 per share, which implies 3.1% growth from the year-ago quarter’s figure. MO has a trailing four-quarter negati ...
Want Super-Safe Income for Your Portfolio? This High-Yield Dividend King Could Be for You.
The Motley Fool· 2024-07-29 11:25
Altria is a Dividend King with an 8% yield.It's generally not a bad idea to allocate some portion of your portfolio to dividend stocks. Dividends are a great source of passive income and can help mitigate volatility in your portfolio that you might experience from growth stocks.One of the safest dividend stocks is tobacco company Altria (MO 1.26%). It's a member of an exclusive club called the Dividend Kings: companies that have grown their dividend payment annually for at least 50 consecutive years.Let's d ...
Altria (MO) Hits 52-Week High: Time to Cash In or Hold Steady?
ZACKS· 2024-07-26 14:02
Altria Group, Inc. (MO) , a leading player in the tobacco industry, recently reached a 52-week high, sparking significant interest among investors. This milestone raises an important question: should investors lock in their gains now or maintain their positions for potential future upside?Altria's shares peaked at $50.47 before settling at $49.80 by the end of the trading session on Jul 25, 2024. Driven by its robust fundamentals and attractive dividend payouts, this tobacco giant has outpaced the industry ...
Why the Market Dipped But Altria (MO) Gained Today
ZACKS· 2024-07-19 22:52
Altria (MO) ended the recent trading session at $49.45, demonstrating a +0.24% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.71%. Elsewhere, the Dow saw a downswing of 0.93%, while the tech-heavy Nasdaq depreciated by 0.81%.The owner of Philip Morris USA, the nation's largest cigarette maker's shares have seen an increase of 8.58% over the last month, surpassing the Consumer Staples sector's gain of 2.17% and the S&P 500's gain of 1.08%. ...
2 Misconceptions About Altria
Seeking Alpha· 2024-07-16 19:26
natasaadzic MO stock: cigarette volume and dividend yield I last wrote on Altria Group, Inc. (NYSE:MO) three months ago. The article was titled “Can't Argue With Its 10% Dividend Yield” and was published by Seeking Alpha on April 17, 2024, as seen in the screenshot below. In that article, as the title suggested, I focused on its dividend yields. More specifically, I argued that: Altria Group currently has a dividend yield of 9.55%, which is above its historical average and among the highest levels in a ...