Golf Clap for Altria Group
Altria Group (NYS: MO) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Altria Group met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share improved.
Margins increased across the board.
Altria Group recorded revenue of $3.99 billion. The eight analysts polled by S&P Capital IQ hoped for a top line of $4.01 billion on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $3.94 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.49. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.49 per share. GAAP EPS of $0.48 for Q1 were 6.7% higher than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.3%, 80 basis points better than the prior-year quarter. Operating margin was 41.2%, 210 basis points better than the prior-year quarter. Net margin was 24.4%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.49 billion. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $17.31 billion. The average EPS estimate is $2.20.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 8,611 members out of 8,929 rating the stock outperform, and 318 members rating it underperform. Among 2,148 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 2,114 give Altria Group a green thumbs-up, and 34 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Altria Group is outperform, with an average price target of $30.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.