Altria Group Earnings Preview For Thursday
Altria Group Inc. (MO)
Background: Maintaining business success for more than a century is not easy. But each of Altria Group's companies has proven its ability to adapt and prosper in ever-evolving industries and deliver long-term growth.
Strong third-quarter earnings growth is expected by Wall Street before the market opens on October 30, 2014. The consensus mean is 68 cents a share, a gain of 3 cents (4.6%) from 65 cents during the corresponding quarter last year.
Analysts' estimates this quarter range from 67 cents to a high of 69 cents per share.
Investors are receiving $2.08 in dividends for a yield of 4.6%. Examining the history of a company is a great way to help understand what to expect moving forward. In the last five years, the average dividend yield was 5.80%.
Analysts are more or less side stepping this one like a politician dancing the Washington two-step. A hold can mean everything from "I want to rate it a sell, but that would not be good for business," to "I have no clue". 6 out of 11 rate this a hold. 5 recommend this company as a buy and no analysts recommend selling.
2 out of 11 analysts now rate Altria Group a strong buy up from 1 analysts a month ago. New investors from a year ago are happy, and analysts rating this company a buy have called it correctly. The shares have incresed higher 29% over the last 52 weeks. Analysts are calling for a price target of $45.67.