Altria Group (MO) Tops Q4 EPS by 11c, Beat on Revenues; Offers FY18 EPS Above Consensus, Authorizes New $1B Share Buyback

February 1, 2018 7:04 AM

Altria Group (NYSE: MO) reported Q4 EPS of $0.91, $0.11 better than the analyst estimate of $0.80. Revenue for the quarter came in at $5.28 billion versus the consensus estimate of $4.8 billion.

GUIDANCE:

Altria Group sees FY2018 EPS of $3.90-$4.03, versus the consensus of $3.88.

2018 Full-Year Guidance

Altria forecasts 2018 full-year adjusted diluted EPS to be in a range of $3.90 to $4.03, which excludes a $0.09 tax expense for a tax basis adjustment related to the Deemed Repatriation Tax. This range represents a growth rate of 15% to 19% from a 2017 adjusted diluted EPS base of $3.39, which excludes the special items shown in Table 2. Altria’s 2018 guidance reflects investments in focus areas for long-term growth, including innovative product development and launches, regulatory science, brand equity, retail fixtures and future retail concepts.

Altria expects its 2018 full-year adjusted effective tax rate will be in a range of approximately 23% to 24%.

Altria expects capital expenditures in a range of $200 million to $250 million and depreciation and amortization expenses of approximately $210 million.

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

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