Earnings Alerts

Altria Group (MO) Earnings Forecast Boosted and Share Buyback Plan Expanded

  • Altria has raised its full-year adjusted earnings per share (EPS) forecast to $5.05-$5.17 from the previous $5-$5.15, matching the estimated $5.05.
  • The company has reported a $2.4 billion increase to its existing $1 billion share buyback program.
  • Altria is expected to initiate an estimated $2.4 billion accelerated share repurchase program.
  • The company anticipates savings from the elimination of future dividend payments.
  • Altria plans to maintain two seats on ABI’s board.
  • After the 2025 Annual General Meeting (AGM), the company expects to have one seat on ABI’s board.
  • Altria’s 2024 adjusted diluted EPS growth is expected to be weighted to the second half of the year.
  • There are currently 6 buys, 7 holds, and 3 sells on Altria’s shares.

Altria Group on Smartkarma

Baptista Research, a provider on Smartkarma, has published an insightful report on Altria Group, a company known for its strong position in the tobacco industry. The report, titled “Altria Group: Promotion Of Smoke-Free Products & 5 Other Factors Driving Growth! – Financial Forecasts”, discusses important topics raised in the company’s recent earnings call. According to the report, Altria Group is looking to diversify into smoke-free product categories, such as heated tobacco, oral tobacco, and e-vapor. This move is seen as a strategic step to counter declining cigarette volumes and expand its consumer base, ultimately improving its long-term growth prospects. The report leans towards a bullish sentiment on Altria Group‘s future prospects.


A look at Altria Group Smart Scores

FactorScoreMagnitude
Value0
Dividend5
Growth4
Resilience5
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Altria Group, Inc. is a leading holding company that specializes in manufacturing and selling various tobacco products, such as cigarettes, cigars, and pipe tobacco. The company also has an interest in a brewery company. According to the Smartkarma Smart Scores, Altria has an overall positive outlook, with a score of 4 out of 5 for both growth and momentum. This indicates that the company is expected to experience steady growth and has strong momentum in the market.

In addition, Altria also received a perfect score of 5 out of 5 for both dividend and resilience. This means that the company is known for its consistent dividend payouts and is considered resilient, meaning it is able to withstand economic downturns. However, the company received a score of 0 for value, suggesting that its current stock price may be overvalued.

Overall, Altria Group has a promising long-term outlook, with strong potential for growth and a solid track record of dividend payouts. However, investors should carefully consider the value score before making any investment decisions. With its leading position in the tobacco industry and diverse portfolio, Altria is well-positioned to continue its success in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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