What's Behind The 50% Rise In MO Stock? [Forbes]
Altria Group, Inc. (MO)
Last altria group, inc. earnings: 4/30 07:00 am
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Source: Forbes
SOPA Images/LightRocket via Getty Images The stock price of Altria (NYSE: MO) has risen around 15% in a month, primarily due to a better than anticipated quarterly performance driven by growth in its oral tobacco products. Looking at a slightly longer period, Altria has seen its stock rise nearly 50% from levels of $38 in early 2022 to $56 now. This can be attributed to: a rise in the company's adjusted earnings from $4.62 in 2021 to $5.02 now; and, a rise in the company's trailing P/E ratio from 8x to 11x over this period. Let's dive deeper into these factors. What Drove Altria's Earnings Growth? Altria sells its tobacco products in the U.S. markets. It sold its wine business for $1.2 billion in 2021, with an increased focus on smoking and smokeless products. With higher inflation, the company is seeing a decline in cigarette volume lately. For perspective, the volume of smokeable products declined from 93.8 billion sticks in 2021 to 70.1 billion sticks in the last twelv
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News
- Investors in Altria Group (NYSE:MO) have seen respectable returns of 48% over the past year [Yahoo! Finance]Yahoo! Finance
- Best Stock to Buy Right Now: Altria vs. British American Tobacco [Yahoo! Finance]Yahoo! Finance
- Could Buying Altria Stock Today Set You Up for Life? [Yahoo! Finance]Yahoo! Finance
- Altria Group (NYSE:MO) Could Become A Multi-Bagger [Yahoo! Finance]Yahoo! Finance
- Is Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
MO
Earnings
- 10/31/24 - Beat
MO
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/2/24 - Form 4
- MO's page on the SEC website