Altria Group, Inc. (NYSE:MO) has released its Q3 2024 results, which have led to an adjustment in estimates. The group is set to cut $600 million in costs, reinforcing its initial outlook. It has also surpassed Q3 EPS expectations by 3c. Despite market challenges, the earnings report shows strong EPS growth. A strategic SWOT analysis decodes the company's position. Altria Group has exceeded earnings and revenue estimates, providing a 38% return to its shareholders over the past year. Its stock outshines its competitors on a strong trading day, following an 8.28% surge on October 31st. The groups' price target has been elevated from $53 to $55 by BofA, from $53 to $57 by Goldman Sachs, and from $52 to $60 by Deutsche Bank. Despite fears surrounding its 8.2% dividend, Altria Group's earnings beat and substantial returns on capital are drawing investor attention. The company has surpassed earnings expectations by $0.02 EPS. Its status holds investment appeal as it is largely owned by institutional shareholders (60%). Altria has shown resilience in its tobacco business and growth in smoke-free products. Its dividends are projected to yield higher than last year. However, news of a potential risk associated with its dividends has raised concerns.
Altria Group MO News Analytics from Sat, 20 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 16:21:32 GMT -
Rating 7
- Innovation 4
- Information 5
- Rumor 2
