Altria (NYSE:MO) is set to report fourth quarter earnings on Thursday, and investors will focus on the tobacco giant’s portfolio of smoke-free products amid the continued decline of its U.S. cigarette business.
Tobacco company Altria (NYSE:MO) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
The stock's fall snapped a three-day winning streak.
Altria remains positioned to generate $8.3 billion in attributable cash flow, likely sustaining a highly attractive ~10% shareholder yield. Learn more on MO stock here.
On Tuesday, Altria Group Inc (MO) stock saw a decline, ending the day at $52.6 which represents a decrease of $-0.85 or -1.59% from the prior close of $53.45. The stock opened at $53.39 and touched a low of $52.17 during the day, reaching a high of $53.57. The volume of shares traded was 10.59 million exceeding the average volume of 7.92 million.
MO's Q4 results are likely to reflect gains from pricing actions and strength in NJOY and on! amid shifting consumer preferences.
Shares of Altria Group Inc. MO advanced 2.69% to $53.45 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.65% to 44,713.58 and the S&P 500 Index SPX falling 1.46% to 6,012.28.
Altria Group (NYSE:MO – Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $5,
Altria is a top choice for building passive income with stable cash flows, despite potential tech stock valuation slowdowns. Learn more about MO stock here.
Altria Group Inc (MO) stock saw a modest uptick, ending the day at $52.05 which represents a slight increase of $0.84 or 1.64% from the prior close of $51.21. The stock opened at $51.25 and touched a low of $51.
In a report released today, Gaurav Jain from Barclays maintained a Sell rating on Altria Group (MO – Research Report), with a price target of
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