Altria Q3 adjusted EPS rises 4.8%, beats analyst estimates
Overview
US tobacco seller's Q3 net revenue grew 1.0% yr/yr, mainly from smokeable products
Adjusted diluted EPS rose 4.8% and beat analyst expectations
Company expanded share repurchase program by $1 bln, now expires December 2027
Outlook
Altria raises 2026 full-year adj diluted EPS guidance to $5.66-$5.74
Company expects moderated e-vapor growth and macroeconomic uncertainty to impact 2026 results
2026 EPS guidance excludes impacts from special items such as litigation and restructuring
Result Drivers
SMOKEABLE PRODUCTS PRICING - Co said higher pricing in smokeable products drove revenue growth
DISCOUNT BRAND GAINS - Basic brand continued to gain share in discount segment, per CEO Sal Mancuso
NICOTINE POUCH EXPANSION - Co said Helix expanded on! PLUS nicotine pouch offerings with new flavors and strengths
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $6.13 bln | ||
Q3 Adjusted EPS | Beat | $1.52 | $1.51 (12 Analysts) |
Q3 EPS | $1.51 |
Analyst Coverage
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 $71.00, about 2.7% below its October 28 closing price of $72.99
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)