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ALTRIA GROUP, INC.

(MO)
  Report
Delayed Nyse  -  04:03 2022-09-30 pm EDT
40.38 USD   -1.92%
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ALTRIA REPORTS 2022 SECOND-QUARTER AND FIRST-HALF RESULTS, REAFFIRMS 2022 FULL-YEAR EARNINGS GUIDANCE

07/29/2022 | 10:28am EDT

RICHMOND - Altria Group, Inc. (NYSE: MO) today reports its 2022 second-quarter and first-half business results and reaffirms its guidance for 2022 full-year adjusted diluted earnings per share (EPS).

'Our tobacco businesses performed well in a challenging macroeconomic environment for the first half of the year,' said Billy Gifford, Altria's Chief Executive Officer. 'The smokeable products segment delivered solid operating companies income growth behind the resilience of Marlboro, and our moist smokeless tobacco brands continued to drive profitability. We also continued to make progress toward our Vision through the investments we laid out in January, which included supporting the expansion of on!. We are encouraged by on!'s retail momentum and significant share growth since achieving unconstrained capacity last summer.'

'We believe this is a pivotal point in the U.S. tobacco industry. The FDA has the opportunity to create a mature, regulated marketplace of smoke-free products that can successfully realize tobacco harm reduction and improve the lives of millions of adult smokers. We share the FDA's goal to transition adult smokers away from cigarettes, but we continue to believe that harm reduction, not prohibition, is the best path forward.' 'Our financial plans for the year remain on track, and we reaffirm our guidance to deliver 2022 full-year adjusted diluted EPS in a range of $4.79 to $4.93. This range represents an adjusted diluted EPS growth rate of 4% to 7% from a $4.61 base in 2021.'

Contact:

Tel: 804-484-8897

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about ALTRIA GROUP, INC.
09/30Altria Terminates Non-Competition Obligations With Juul Labs in E-vapor Business
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Analyst Recommendations on ALTRIA GROUP, INC.
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Financials (USD)
Sales 2022 20 894 M - -
Net income 2022 7 637 M - -
Net Debt 2022 25 032 M - -
P/E ratio 2022 9,42x
Yield 2022 9,15%
Capitalization 72 717 M 72 717 M -
EV / Sales 2022 4,68x
EV / Sales 2023 4,61x
Nbr of Employees 6 000
Free-Float 64,1%
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Technical analysis trends ALTRIA GROUP, INC.
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 40,38 $
Average target price 50,03 $
Spread / Average Target 23,9%
EPS Revisions
Managers and Directors
William F. Gifford Chief Executive Officer & Director
Salvatore Mancuso Chief Financial Officer & Executive Vice President
Kathryn B. McQuade Chairman
Jody L. Begley Chief Operating Officer & Executive Vice President
Charles N. Whitaker SVP, Chief Human Resources & Compliance Officer
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