Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Altria Group Inc    MO

News SummaryMost relevantAll newsSector news 

Altria Group, Inc. : Altria 1Q Net Up 3.8% As Cost Controls Offset Weaker Volume

share with twitter share with LinkedIn share with facebook
share via e-mail
04/26/2012 | 01:48pm CET

Altria Group Inc.'s (MO) first-quarter profit rose 3.8% as cost controls helped offset weaker cigarette volumes.

Altria, the maker of Marlboro and other cigarette brands, has continued to benefit from growing interest in smokeless tobacco products such as Copenhagen, while sales of its cigarettes have been mixed. The company has posted mixed earnings over the past year after one-time charges masked its revenue growth.

The company is meanwhile undergoing a transition after Chairman and Chief Executive Michael Szymanczyk disclosed plans to retire in May. Vice Chairman Martin J. Barrington is slated to succeed him.

Altria reported a profit of $973 million, or 48 cents a share, up from $937 million, or 45 cents a share, a year earlier. Excluding write-downs, tax-related items and other adjustments, per-share earnings rose to 49 cents from 44 cents.

Revenue edged up 0.1% to $5.65 billion and grew 1.3% to $3.99 billion excluding excise taxes.

Analysts polled by Thomson Reuters expected a 49-cent per-share profit on $4.01 billion of revenue, excluding excise taxes.

Gross margin widened to 39% from 38.1%, an improvement the company attributed to effective cost management.

Revenue from smokeable products fell 0.8% on lower volumes and higher promotional activity for some brands, though operating earnings rose 5.1%. Smokeless product revenue edged up 0.3% as higher pricing, though earnings in the business slipped.

The company's volume of Marlboro cigarettes fell 3.4%, while other premium-cigarette volume dropped 9.5%. Discount-cigarette volume jumped 18%.

Shares of Altria, which affirmed its full-year guidance, closed at $31.69 Wednesday and were lightly traded premarket. The stock has climbed 21% over the past year.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ALTRIA GROUP INC
11/30 BUILDING A CULTURE OF SERVICE : Altria and Valero Put Local Communities First
11/25 ALTRIA : employees fund gives $2.5M to Va. groups Altria employees fund donates ..
11/18 ALTRIA : 1st U.S. Exhibition of Della Robbia Sculptures Travels to National Gall..
11/16 ALTRIA : Airain Ltd buys $19,773,285 stake in Altria Group Inc
11/09 WEDNESDAY SECTOR LAGGARDS : Hospital & Medical Practitioners, Cigarettes & Tobac..
11/09 ALTRIA GROUP INC. : (MO) Falls 2.73% for November 09
11/07 ALTRIA : 'Well-connected' cigar industry spared tax in Pa.
10/31 ALTRIA : Could Altria Group and Philip Morris International be reunited?
10/28 ALTRIA : to close manufacturing sites in Pennsylvania, Illinois Altria to close ..
10/27 ALTRIA : Management's Discussion and Analysis of Financial Condition and Results..
More news
Sector news : Cigars & Cigarette Manufacturing
12/01DJBRITISH AMERICAN TOBACCO : Big Tobacco is Increasingly Going Brick-and-Mortar
11/18 Top British American Tobacco investor Woodford says backs Reynolds deal
11/15 European shares edge up as oil rallies, utilities bounce
11/15DJREYNOLDS AMERICAN : Seeks Higher Price After Rejecting BAT's Initial Takeover Bi..
11/08 FTSE supported by AB Foods as U.S. election looms
More sector news : Cigars & Cigarette Manufacturing
News from SeekingAlpha
12/05 NOVEMBER PORTFOLIO ROUNDUP : 2 Buys, 1 New Position
12/04 December 2016's 10 Worst CCC Stocks At Various Market Caps
12/02 DUKE ENERGY : Should I Pay Or Should I Wait?
12/02 INSIDE MY PORTFOLIO : What I Hold And Why
12/01 With 2016 Nearing A Close, Our Dividend Growth Portfolio Is Up Almost 10%
Financials ($)
Sales 2016 19 388 M
EBIT 2016 9 172 M
Net income 2016 5 755 M
Debt 2016 9 126 M
Yield 2016 3,69%
P/E ratio 2016 16,29
P/E ratio 2017 19,38
EV / Sales 2016 6,91x
EV / Sales 2017 6,82x
Capitalization 124 798 M
More Financials
Duration : Period :
Altria Group Inc Technical Analysis Chart | MO | US02209S1033 | 4-Traders
Full-screen chart
Technical analysis trends ALTRIA GROUP INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 68,4 $
Spread / Average Target 6,8%
Consensus details
EPS Revisions
More Estimates Revisions
Martin J. Barrington Chairman, President & Chief Executive Officer
Howard A. Willard Chief Operating Officer & Executive Vice President
William F. Gifford Chief Financial Officer
James E. Dillard Chief Innovations Officer & SVP-Regulatory Affairs
Thomas Wade Jones Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ALTRIA GROUP INC8.04%124 798
JAPAN TOBACCO INC-14.78%67 708
ITC LTD6.55%40 706
KT&G CORP--.--%12 237
More Results