A share price of Altria Group Inc. [MO] is currently trading at $41.43, down -0.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The MO shares have lost -0.24% over the last week, with a monthly amount drifted -3.76%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, Altria to Host Webcast of 2024 First-Quarter Results. In a post published today on Yahoo Finance, Altria Group, Inc. (Altria) (NYSE: MO) will host a live audio webcast on Thursday, April 25, 2024, at 9:00 a.m. Eastern Time to discuss its 2024 first-quarter business results. Altria will issue a press release containing its business results at approximately 7:00 a.m. Eastern Time the same day. The webcast can be accessed at altria.com.
From an analyst’s perspective:
On November 10, 2022, downgrade downgraded it’s rating to Sell but maintained its price target of $38 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $36 on June 29, 2022. Morgan Stanley upgraded its rating to a Equal-Weight and reduced its price target to $43 on June 24, 2022. Morgan Stanley downgraded its rating to Underweight for this stock on June 08, 2022, and downed its price target to $50. In a note dated May 10, 2022, Bernstein downgraded an Mkt Perform rating on this stock and revised its target price from $58 to $53.
Altria Group Inc. experienced fluctuations in its stock price throughout the past year between $39.06 and $48.04. Currently, Wall Street analysts expect the stock to reach $49.4 within the next 12 months. Altria Group Inc. [NYSE: MO] shares were valued at $41.43 at the most recent close of the market. An investor can expect a potential return of 19.24% based on the average MO price forecast.
Analyzing the MO fundamentals
Trailing Twelve Months sales for Altria Group Inc. [NYSE:MO] were 20.50B which represents -1.16% decline. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.58%, Pretax Profit Margin comes in at 0.51%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is -2.22 and Total Capital is 0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-7.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.22 points at the first support level, and at 41.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.74, and for the 2nd resistance point, it is at 42.04.
Altria Group Inc. [MO] reported earnings per share of $1.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.08/share, meaning a difference of $0.01 and a surprise factor of 0.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.17 per share as compared to estimates of $1.18 per share, a difference of -$0.01 representing a surprise of -0.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Altria Group Inc. [NYSE:MO] is 0.49. On the other hand, the Quick Ratio is 0.39, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 3.56 and price to earnings (TTM) ratio is 9.07.
Transactions by insiders
Recent insider trading involved Davis Robert Matthews, Director, that happened on Nov 06 ’23 when 1200.0 shares were purchased. Director, Clarke Ian L.T. completed a deal on Nov 06 ’23 to buy 1100.0 shares.
