Altria Group Inc. (NYSE:MO) shares, rose in value on Friday, April 05, with the stock price up by 0.34% to the previous day’s close as strong demand from buyers drove the stock to $41.67.
Actively observing the price movement in the recent trading, the stock is buoying the session at $41.53. The value of beta (5-year monthly) is 0.68 whereas the PE ratio is 9.13 over 12-month period. Referring to stock’s 52-week performance, its high was $48.04, and the low was $39.06. On the whole, MO has fluctuated by 0.53% over the past month.
With the market capitalization of Altria Group Inc. currently standing at about $73.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024. The company’s Forward Dividend Ratio is 3.88, with its dividend yield at 9.31%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.06, which is expected to increase to $1.24 for fiscal year $4.67 and then to about $4.86 by fiscal year 2025. Data indicates that the EPS growth is expected to be 2.20% in 2025, while the next year’s EPS growth is forecast to be 4.10%.
Analysts have estimated the company’s revenue for the quarter at $4.36 billion, with a low estimate of $4.2 billion and a high estimate of $4.43 billion. According to the average forecast, sales growth in current quarter could jump down -11.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $18.96 billion, representing an increase of 0.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.26, with the price of MO currently trading nearly -3.76% and 0.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.12, while the 7-day volatility ratio is showing 1.78% which for the 30-day chart, stands at 1.56%. Furthermore, Altria Group Inc. (MO)’s beta value is 0.70, and its average true range (ATR) is 0.70.
A comparison of Altria Group Inc. (MO) with its peers suggests the former has fared considerably weaker in the market. MO showed an intraday change of 0.34% in today’s session so far, and over the past year, it shrunk by -6.25%%.
Data on historical trading for Altria Group Inc. (NYSE:MO) indicates that the trading volumes over the past 10 days have averaged 14.95 million and over the past 3 months, they’ve averaged 12.01 million. According to company’s latest data on outstanding shares, there are 1.76 billion shares outstanding.
Nearly 0.13% of Altria Group Inc.’s shares belong to company insiders and institutional investors own 57.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.53 million shares as on Mar 15, 2024, resulting in a short ratio of 1.14. According to the data, the short interest in Altria Group Inc. (MO) stood at 0.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.61 million. The stock has risen by 3.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MO stock heading into the next quarter.
