Altria Group (MO) Tops Q3 EPS by 3c; offers guidance

Altria Group (NYSE: MO) reported Q3 EPS of $1.38, $0.03 better than the analyst estimate of $1.35. Revenue for the quarter came in at $5.34 billion versus the consensus estimate of $5.32 billion.

GUIDANCE:

Altria Group sees FY2024 EPS of $5.07-$5.15, versus the consensus of $5.10.

We continue to expect our 2024 full-year adjusted effective tax rate to be in a range of 24% to 25%. We now expect our 2024 capital expenditures to be between $125 million and $175 million, a change from our previous expectation of $175 million to $225 million and expect our 2024 depreciation and amortization expenses to be approximately $285 million, a change from our previous expectation of $310 million.

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

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