Alert: New Earnings Report (7/31/24)-Altria Group Inc (NYSE: MO).

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Altria Group Inc (NYSE: MO) has reported E.P.S. of $2.21 for its second fiscal quarter (ending June 30) versus $1.19 for the same period a year ago. E.P.S. were $5.79 for the latest four quarters through June 30 versus $3.80 for the same period a year ago.

Recent Price Action

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On 7/31/24, Altria Group Inc (NYSE: MO) stock declined by -3.0%, closing at $49.01. Moreover, this decline was accompanied by exceptionally high trading volume at 215% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.

Current PriceTarget Research Rating

MO’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.

Altria Group is currently unrated.

Rating Review

The stock is currently unrated.

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