Monday Morning's Movers: LGF, MSFT, SRE >>> READ MORE

Tobacco Stocks Q3 Earnings Preview: The Big Four

PM reports Thursday, and RAI, LO and MO are up next week

    View All  

Altria Group (MO)

Altria (NYSE:MO)Altria Group (MO) is the final member of the tobacco stocks group to report — announcing earnings the morning of Thursday, Oct. 24 — and here analysts are anticipating EPS of 64 cents. A year prior, the company posted earnings of 58 cents.

Altria — the maker of the iconic Marlboro brand — has seen very strong share price performance, surging 13% year-to-date, though most of those gains came early in the year. The company also delivers for dividend players, as it offers a 5.4% yield.

Altria has received several analyst upgrades over the past few months, and back in September, MO boosted its full-year outlook, from an earnings range of $2.51-$2.56 for the current fiscal year to $2.57-$2.62. Both ranges were well ahead of the Wall Street consensus for $2.39.

While Altria stock has been listless for a few months, MO should bounce back from its small second-quarter earnings disappointment and put a positive surprise on the board. If so, that should give MO the fire it needs to exit its rut.

As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC