Altria Reports 2022 Third-Quarter and Nine-Months Results; Narrows 2022 Full-Year Earnings Guidance
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Altria (MO) PT Raised to $47 at Cowen
October 27, 2022 12:58 PM EDTCowen analyst Vivien Azer raised the price target on Altria (NYSE: MO) to $47.00 (from $45.00) while maintaining a Market Perform rating.
The analyst commented, "MO reported weaker than expected 3Q22 results, with cigarette volumes down 10% on an adjusted basis, underperforming the category (-8.0%), on... More
Altria Group (MO) Misses Q3 EPS by 2c, Offers Guidance
October 27, 2022 7:14 AM EDTAltria Group (NYSE: MO) reported Q3 EPS of $1.28, $0.02 worse than the analyst estimate of $1.30. Revenue for the quarter came in at $6.55 billion versus the consensus estimate of $5.6 billion.
GUIDANCE:
Altria Group sees FY2022 EPS of $4.81-$4.89, versus the consensus of $4.85.
We narrow our guidance for 2022 full-year adjusted... More