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ALTRIA GROUP, INC.

(MO)
  Report
Delayed Nyse  -  04:03:53 2023-01-30 pm EST
44.50 USD   +0.82%
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Altria Reports 2022 Third-Quarter and nine-Months Results, Narrows 2022 Full-Year Earnings Guidance

10/28/2022 | 07:33am EST

RICHMOND - Altria Group, Inc. (NYSE: MO) today reports our 2022 third-quarter and nine-months business results and narrows our guidance for 2022 full-year adjusted diluted earnings per share (EPS).

'This is an exciting moment on our journey towards Moving Beyond Smoking,' said Billy Gifford, Altria's Chief Executive Officer. 'Our tobacco businesses remained resilient during the first nine months of the year, and we continued to reward shareholders while making investments in pursuit of our Vision.'

'We are optimistic that the actions we have taken to date have strengthened our portfolio in the three major smoke-free categories. We have built a compelling portfolio in heated tobacco, enhanced our ability to compete in e-vapor and continued to strengthen on!'s position in the oral tobacco category.'

'We are narrowing our full-year 2022 guidance and now expect to deliver adjusted diluted EPS in a range of $4.81 to $4.89, representing a growth rate of 4.5% to 6% from a base of $4.61 in 2021. We believe this range allows us the flexibility to react to marketplace conditions.'

Contact:

Tel: 804-484-8897

(C) 2022 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on ALTRIA GROUP, INC.
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Financials (USD)
Sales 2022 20 774 M - -
Net income 2022 5 208 M - -
Net Debt 2022 24 381 M - -
P/E ratio 2022 15,4x
Yield 2022 8,35%
Capitalization 79 106 M 79 106 M -
EV / Sales 2022 4,98x
EV / Sales 2023 4,89x
Nbr of Employees 6 000
Free-Float 63,8%
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Technical analysis trends ALTRIA GROUP, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 44,14 $
Average target price 49,25 $
Spread / Average Target 11,6%
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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