Altria (MO) Numbers Trimmed at Jefferies on ABI One Qtr Lag

November 15, 2016 7:16 AM EST
Get Alerts MO Hot Sheet
Price: $66.27 +1.39%

Rating Summary:
    9 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade MO Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Jefferies analyst Owen Bennett trimmed numbers on Hold-rated Altria (NYSE: MO) to $68.00 (from $70.00) to reflect ABI one quarter lag.

commented, "We lower our FY16 adjusted EPS by 6 cents to US$3.01, largely driven by a one quarter reporting lag on ABI. While ABI accretion should ensure FY17 earnings growth of c10% (ahead of its growth algorithm of 7%-9%), we do see possible downward pressure on the multiple in FY17 due to expected share loss on Marlboro (meaning EBIT development should be lackluster)."

The firm trimmed FY 2016 EPS from $3.36 to $3.29 and FY 20174 EPS from $3.59 to $3.55.

For an analyst ratings summary and ratings history on Altria click here. For more ratings news on Altria click here.

Shares of Altria closed at $61.19 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co, Earnings

Add Your Comment