Altria Reports 2015 Second-Quarter and First-Half Results; Raises 2015 Full-Year Adjusted EPS Guidance; and Announces New $1 Billion Share Repurchase Program

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Go back to Altria Reports 2015 Second-Quarter and First-Half Results; Raises 2015 Full-Year Adjusted EPS Guidance; and Announces New $1 Billion Share Repurchase Program

Altria (MO) PT Raised to $62 at Cowen Amid 'Impressive' Results

July 29, 2015 3:50 PM EDT

Cowen analyst Vivien Azer reiterated an Outperform rating and boosted her price target on Altria (NYSE: MO) to $62.00 (from $59.00) following impressive results this morning driven by Marlboro outperformance.

Azer commmented, "Following today's impressive results, we remain encouraged that MO will be able to... More

Altria Group (MO) Tops Q2 EPS by 3c; Updates FY15 EPS Outlook; Approves $1B Common Stock Buyback

July 29, 2015 7:05 AM EDT

Altria Group (NYSE: MO) reported Q2 EPS of $0.74, $0.03 better than the analyst estimate of $0.71. Revenue for the quarter came in at $6.61 billion versus the consensus estimate of $4.74 billion.

Altria announces a new $1 billion share repurchase program to be completed by the end of 2016, having... More