Based in Richmond, Virginia, Altria Group, Inc. (MO) is a leading manufacturer and seller of smokeable and oral tobacco products in the U.S. Valued at $85.54 billion by market cap, the company's primary brands include Marlboro and Black & Mild. Altria owns Philip Morris USA and John Middleton, a prominent U.S. cigar manufacturer. Its smoke-free portfolio includes ownership of U.S. Smokeless Tobacco Company LLC and Helix Innovations LLC. The leading tobacco manufacturer is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Wednesday, Jul. 31.
Ahead of the event, analysts expect MO to report a profit of $1.35 per share on a diluted basis, up 3.1% from $1.31 per share in the year-ago quarter. The company beat or matched the consensus estimates in two of the last four quarters while missing on two other occasions.
