Altria Group (MO) Tops Q1 EPS by 3c; Reaffirms

Altria Group (NYSE: MO) reported Q1 EPS of $0.95, $0.03 better than the analyst estimate of $0.92. Revenue for the quarter came in at $4.67 billion versus the consensus estimate of $4.63 billion.

“Altria is off to a fast start to the strong year of EPS growth to which we’ve guided, with adjusted diluted EPS growth of 30.1% in the first quarter of 2018,” said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. “In addition, Altria continued to reward shareholders by paying out nearly $1.3 billion in dividends, announcing an out-of-cycle dividend increase of 6.1% and repurchasing approximately $513 million in shares. Within the reporting segments, income performance reflects the timing of previously announced investments for the long-term strength of the business.”

“We continue to expect full year adjusted diluted EPS growth of 15% to 19%.”

GUIDANCE:

Altria Group reaffirms FY2018 EPS of $3.90-$4.03, versus the consensus of $3.98.

For earnings history and earnings-related data on Altria Group (MO) click here.

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