Altria Group Inc (MO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Altria Group Inc (MO) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.80. The company posted revenue of $6521.00 million in the period, compared to analysts expectations of $5013.61 million. The company’s revenue was down -1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Altria Group Inc. Company shares were Reiterated by Stifel on Jun 27, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Berenberg Initiated Altria Group Inc on Jun 14, 2016 to “Buy”, Price Target of the shares are set at $74.

Altria Group Inc opened for trading at $66.81 and hit $67.25 on the upside on Thursday, eventually ending the session at $67.11, with a gain of 0.54% or 0.36 points. The heightened volatility saw the trading volume jump to 58,06,949 shares. Company has a market cap of $131,296 M.

In a different news, on May 24, 2016, George Munoz (director) sold 12,571 shares at $62.85 per share price. According to the SEC, on May 24, 2016, Nabil Y Sakkab (director) purchased 4,000 shares at $63.20 per share price. On May 11, 2016, Brian W. Quigley (President & CEO, USSTC) sold 3,000 shares at $63.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Altria Group Inc. is a holding company. The Company’s reportable segments include smokeable products smokeless products and wine. As of December 31 2014 Altria Group Inc.’s wholly owned subsidiaries included Philip Morris USA Inc. (PM USA) which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton) which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco and is a wholly owned subsidiary of PM USA and UST LLC (UST) which through its wholly owned subsidiaries including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.

Altria Group Inc

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