Broker recommendations for Altria Group
The Altria Group, Inc. stock is rated at 1.40625 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Friday 10 July, 2020 by a total of 16 brokers. This means that the consensus of the 16 different brokers is leaning toward to buy/moderate buy.
Sell
0 (0%) Underweight
0 (0%) Hold
6 (37.5%) Overweight
1 (6.25%) Buy
9 (56.25%)
Price target by analysts
The 14 latest analyst estimates, per Tuesday 28 July, 2020, show the following high, low and average price targets.
Target Average: 48.93 USD
Target High: 68 USD
Target Low: 37 USD
Cigarette sales remain strong as more look to light up in lockdown
Wednesday, 29 July 2020, 01:47:58
On Tuesday, tobacco giant Altria revealed that they are expecting cigarette sales to fall by just 2 percent this year, down for an initial prediction of 6 percent.
— Daily Mail Online
Altria Q2 Earnings Are Smoking
Tuesday, 28 July 2020, 17:18:25
No summary available.
— 24/7 Wall street
Altria : Net Revenue Falls | MarketScreener
Tuesday, 28 July 2020, 14:30:02
By Allison Prang Cigarette-seller Altria Group Inc. said it would expand marketing of a heated-tobacco device, a few weeks after the government authorized a marketing claim in the U.S. that it… | July 28, 2020
— MarketScreener
Marlboro maker Altria forecasts higher 2020 earnings
Tuesday, 28 July 2020, 13:57:33
Marlboro maker Altria Group Inc said on Tuesday it expected full-year earnings to rise as much as 4% from last year and announced plans to make its IQOS heated-tobacco devices available in more markets across the United States.
— Reuters UK
Altria’s stock gains after profit beat and dividend hike, while revenue missed
Tuesday, 28 July 2020, 13:33:00
Shares of Altria Group Inc. edged up 0.5% in premarket trading Tuesday, after the parent of Marlboro and Skoal tobacco products reported a second-quarter profit that beat expectations but revenue that missed, while raising its quarterly dividend. Net income slipped to $1.94 billion, or $1.04 a share, from $2.00 billion, or $1.07 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.09, above the FactSet consensus of $1.06. Altria recorded charges of $50 million related to business disruptions cause by the COVID-19 pandemic. Total revenue fell 3.6% to $6.37 billion, missing the FactSet consensus of $6.50 billion, as smokeable revenue fell 4.3% to $5.60 billion. Cigarette shipments fell 8.8% to 24.95 billion sticks, with Marlboro shipments declining 8.4% to 21.79 billion sticks. Altria expects 2020 adjusted EPS of $4.21 to $4.38, surrounding the FactSet consensus of $4.30. The company raised its quarterly dividend to 86 cents a share from 84 cents, with the new dividend payable Oct. 9 to shareholders of record on Sept. 15.
— Yahoo Finance
