|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||46.25 - 46.81|
|52-week range||40.35 - 57.05|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||14.60|
|Earnings date||26 Apr 2023 - 01 May 2023|
|Forward dividend & yield||3.76 (8.01%)|
|Ex-dividend date||21 Dec 2022|
|1y target est||49.53|
Tobacco giant Altria Group (NYSE: MO) recently reported full-year 2022 earnings that gave the stock's share price a jolt. Altria has been a troubled stock in recent years -- its highly public investment in Juul Labs wasted billions in capital, and worries have persisted about how inflation might impact its customers' spending habits. Altria's earnings showed that its core tobacco business is running like clockwork.
Altria's Q4 2022 earnings highlight one of the biggest problems this cigarette maker faces over the long term.
Altria's (NYSE: MO) stock rose nearly 6% on Feb. 1 after its fourth-quarter report. The domestic tobacco leader's revenue (net of excise taxes) stayed nearly flat year over year at $5.08 billion but missed analysts' estimates by $70 million. Altria's bottom line beat suggested that its traditional tactics of raising prices, cutting costs, and buying back shares still enabled it to squeeze out higher earnings per share as declining smoking rates throttled its shipments.