During the last session, Altria Group Inc. (NYSE:MO)’s traded shares were 14.91 million, with the beta value of the company hitting 0.69. At the end of the trading day, the stock’s price was $43.54, reflecting an intraday gain of 1.44% or $0.62. The 52-week high for the MO share is $48.04, that puts it down -10.34 from that peak though still a striking 10.29% gain since the share price plummeted to a 52-week low of $39.06. The company’s market capitalization is $74.79B, and the average trade volume was 12.78 million shares over the past three months.
Altria Group Inc. (NYSE:MO) trade information
Altria Group Inc. (MO) registered a 1.44% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.44% in intraday trading to $43.54, hitting a weekly high. The stock’s 5-day price performance is 5.42%, and it has moved by 0.97% in 30 days. Based on these gigs, the overall price performance for the year is -7.34%.
Altria Group Inc. (MO) estimates and forecasts
Statistics show that Altria Group Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Altria Group Inc. (MO) shares have gone up 2.35% during the last six months, with a year-to-date growth rate more than the industry average at 3.23% against 0.60. In the rating firms’ projections, revenue will decrease -6.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.4B as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 5.03B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.9B and 5.44B respectively. In this case, analysts expect current quarter sales to shrink by -10.20% and then drop by -7.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.39%. While earnings are projected to return 2.69% in 2024, the next five years will return 2.80% per annum.
MO Dividends
Altria Group Inc. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Altria Group Inc. is 3.88, with the dividend yield indicating at 8.91 percent, continuing the trend of increasing dividends in recent years.
