Altria Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Altria Group Inc MO reported quarterly adjusted earnings of $1.44​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.31. The mean expectation of eleven analysts for the quarter was for earnings of $1.39 per share. Wall Street expected results to range from $1.35 to $1.41 per share.

• Revenue rose 0.2% to $5.29 billion from a year ago; analysts expected $5.18 billion.

• Altria Group Inc's reported EPS for the quarter was $1.41​.

• The company reported quarterly net income of $2.38 billion.

• Altria Group Inc shares had risen by 1.2% this quarter and gained 13.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 8 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the tobacco peer group is "buy."

• Wall Street's median 12-month price target for Altria Group Inc is $58.67, about 1.2% below its last closing price of $59.36

This summary was machine generated from LSEG data July 30 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)