About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Altria (MO) reported $5.02 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.2%. EPS of $1.18 for the same period compares to $1.18 a year ago.The reported revenue represents a surprise of -1.20% over the Zacks Consensus Estimate of $5.09 billion. With the consensus EPS estimate being $1.17, the EPS surprise was +0.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

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% ...