Altria Group Inc. (NYSE:MO) finished Thursday with an addition of $0.23 to close at $42.14, an upside of 0.55 percent. An average of 6,649,980 shares of common stock have been traded in the last five days. There was a fall of -$0.77 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 8,772,660 shares traded, while the 50-day average volume stands at 7,687,880.
MO stock has decreased by -4.70% in the last month. The company shares reached their 1-month lowest point of $41.59 on 09/27/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $40.35 and a high of $48.99 in 52 weeks. It has reached a new high 4 times so far this year and lost -7.81% or -$3.57 in price. In spite of this, the price is down -13.98% from the 52-week high.
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Valuation Metrics
Altria Group Inc. (MO) has a trailing price-to-earnings (P/E) ratio of 11.07. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.61, and the price-to-cash flow ratio at 8.72.
The company has a payout ratio of 115.44%. The company’s most recent quarterly dividend payment was $0.98 a share, representing a up of 4.26% from $0.94 last year. Its latest increase dividend $0.04 reported on Thursday August 24 2023.
Financial Health
The quick ratio of Altria Group Inc. for the three months ended June 29 was 0.27, and the current ratio was 0.37, indicating that the company is not able to meet its debt obligations. Altria Group Inc.’s EBITDA margin for the year ending June 29 is 78.26%, while its operating margin for the same period stands at 62.76%. Its gross profit as reported stood at $14.25 billion compared to revenue of $25.1 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Altria Group Inc.’s return on assets was 18.41%.
Earnings Surprise
For the three-month period that ended June 29, Altria Group Inc. had $24.07 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.12 billion in the quarter, while revenues of $1.79 billion were grew 57.91%. The analyst consensus anticipated Altria Group Inc.’s latest quarter earnings to come in at $1.3 per share, but it turned out to be $1.31, a 0.80% surprise. For the quarter, EBITDA amounted to $2.97 billion. Shareholders own equity worth $1.77 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Altria Group Inc. (MO) price momentum. RSI 9-day as of the close on 28 September was 29.63%, suggesting the stock is oversold, with historical volatility in this time frame at 7.32%.
As of today, MO’s price is $42.07 -1.79% or -$0.77 from its 5-day moving average. MO is currently trading -5.35% lower than its 20-day SMA and -9.75% lower than its 100-day SMA. However, the stock’s current price level is -7.14% below the SMA50 and -9.78% below the SMA200.
The stochastic %K and %D were 8.95% and 5.91%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 15.99% and the average true range at 0.52, the RSI (14) stands at 33.18%. The stock has reached -0.54 on the 9-day MACD Oscillator while the 14-day reading was at -1.19.
