Altria (MO) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.85%. A quarter ago, it was expected that this owner of Philip Morris USA, the nation's largest cigarette maker would post earnings of $1.29 per share when it actually produced earnings of $1.28, delivering a surprise of -0. ...

Altria Group Inc.’s stock MO, -0.84% rose 1.3% in premarket trading after the tobacco company set a new $1 billion share buyback program and matched analyst estimates for adjusted earnings. Altria said its fourth-quarter profit fell by 23% to $2.06 billion, or $1.16 a share, from $2.69 billion, or $1.50 a share, in the year-ago quarter. Altria’s adjusted fourth-quarter profit of $1.18 a share matched the FactSet consensus estimate. Revenue dipped by 1.2% to $5.02 billion, slightly shy of the analyst estima ...

RICHMOND, Va.--(BUSINESS WIRE)--(NYSE: MO) Murray R. Garnick, Executive Vice President & General Counsel of Altria Group, Inc. (Altria), has notified the company of his decision to retire effective April 1, 2024. Murray’s distinguished career spanned nearly 40 years in support of Altria and its family of companies. He joined Altria Client Services LLC (ALCS) in 2008 as Senior Vice President & Associate General Counsel after more than two decades representing Altria and its subsidiaries in litigation matters ...

Altria Group, Inc. (MO) is likely to register a bottom-line decline when it reports fourth-quarter 2023 earnings on Feb 1. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $1.17 per share. This indicates a decline of 0.9% from the year-ago quarter’s reported figure. MO has a trailing four-quarter negative earnings surprise of 0.4%, on average.The Zacks Consensus Estimate for revenues is pegged at $5.1 billion, suggesting a slight increase from the prior-year quarter’s ...

When a consumer staples company is sporting a nearly 10% dividend yield, the first thing income investors need to do is ask why. Consumer staples companies should generally be pretty boring businesses, and a yield that high is anything but boring.Getting to the why in Altria's (MO -0.03%) case is pretty easy to do, but the answers suggest that most investors should tread very cautiously.Altria's business isn't very diversifiedWhen you look at Altria's financial statements, it breaks its business up into smo ...

Altria (MO -0.03%) knows exactly why investors buy its stock: the big, fat dividend. That's why the consumer staples company focuses so hard on raising the dividend every year.But with the dividend yield at 9.6%, dividend investors should take a very cautious approach to the cigarette maker. That yield is more likely a warning sign of trouble than it is a huge long-term opportunity. There was an opportunity, onceOver the past decade, Altria's dividend has roughly doubled. So, in hindsight, there was a huge ...

Buying cash-generating businesses when their dividend yields are high and their stock prices are low is a time-tested strategy for amassing wealth in the stock market. If you're interested in implementing this approach in your own portfolio, here are two stocks to consider investing in today.1. Verizon CommunicationsVerizon (VZ 0.26%) is a popular stock among income-seeking investors. It's easy to see why. The telecom giant's shares are currently offering an enticing 6.5% yield on your investment dollars.As ...

The most recent trading session ended with Altria (MO) standing at $39.93, reflecting a -1.26% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.08%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq increased by 0.36%.The owner of Philip Morris USA, the nation's largest cigarette maker's shares have seen an increase of 0.25% over the last month, not keeping up with the Consumer Staples sector's gain of 4.54% ...

krblokhin Introduction Altria Group (NYSE:MO), on the surface, may not be the most attractive stock. The company's stock appreciation has been minimal over the past few years. However, the merit of investing in Altria comes from extremely lucrative and consistent dividend payouts. As such, one may view Altria as a pure dividend investment. While this may be the case in the long term, for the upcoming few quarters in 2024, I believe there could be a stock price appreciation opportunity for Altria coming from ...

atakan/iStock via Getty Images Introduction When it comes to long-term investments, I mainly buy companies that fulfill critical roles in the modern economy. This includes transportation companies, healthcare, defense, financial services, energy, and related. I also try to find a sweet spot between growth and value, as I am neither a pure-play "growth" nor "value" investor. Hence, my portfolio, more often than not, has a yield between 2.5% and 3.0% with an annual dividend growth rate in the high-single-digi ...