Earnings Review - Altria Group Inc.
Editor Note: For more information about this release, please scroll to bottom.
LONDON, July 28, 2014 /PRNewswire/ --
Investor-Edge.com has issued complimentary earnings review on Altria Group Inc. (NYSE: MO). The company was featured in the headlines on Tuesday, July 22, 2014, for reporting a 1.6% year-over-year growth in GAAP earnings per share (EPS) in the second quarter of 2014. Our free coverage report can be accessed at:
http://www.investor-edge.com/register
Earnings Overview
Altria Group Inc.'s non-GAAP diluted EPS attributable to stockholders improved 4.8% year-over-year during the second quarter of 2014. The tobacco manufacturing major narrowed down on full year 2014 reported diluted GAAP EPS from a range of $2.53 to $2.60 to a range of $2.54 to $2.59. The company has also announced a new $1 billion share repurchase program to be completed by the end of 2015. The free research on MO can be downloaded as in PDF format at:
http://www.Investor-Edge.com/MOFreeReport
Marty Barrington, Altria's Chairman and Chief Executive Officer, stated in a recent press release that the adjusted diluted EPS during the first half of 2014 has improved by 5.2% Y-o-Y backed by solid performance by the companies' leading premium brands and the strength of Altria's diverse business model. The Chairman also expressed his satisfaction with the progress in innovative products and asserted that the company's full-year plans are on track.
The Richmond, Virginia-based company's revenues net of excise taxes of $4.6 billion were in line with the Bloomberg consensus estimate. The company's revenue net of excise taxes from its Smokeable Products segment fell 0.8% Y-o-Y to $3.97 billion. The tobacco company reported Non-GAAP diluted earnings per share attributable to stockholders of $0.65 a share, compared with $0.62 a share in the year-ago quarter. The company's GAAP diluted earnings per share attributable to stockholders stood at $0.64 a share, underperforming the market consensus estimate of $0.65 a share. During the period, Altria Group Inc. repurchased approximately 3.3 million common stock shares, worth around $132 million, at an average price of $40.72. Sign up and read the free analyst's notes on MO at:
http://www.Investor-Edge.com/MO-28072014
Stock Performance
Altria Group Inc.'s shares edged 0.19% lower following the earnings release on Tuesday, July 22, 2014, to end the session at $41.93. On the last close, Friday, July 25, 2014, the stock fell 0.71% to close at $41.74. The stock vacillated between $41.52 and $42.02 during the session. A total of 4.83 million shares were traded, which was much below its three months average volume of 7.34 million shares. Over the previous three trading sessions and over the last one month, the company's shares have fallen by 0.45% and 0.19%, respectively. However, from the beginning of 2014, the stock has advanced 8.73%. Altria Group Inc.'s shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $41.77 is greater than its 200-day moving average of $38.33. The stock traded at a PE ratio of 17.07 and has a Relative Strength Index (RSI) of 46.32. Visit Investor-Edge and access the latest research on MO at:
http://www.Investor-Edge.com/MOEarningsCoverage
Sneak Peek to Corporate Insider Trading
In the last one month, three insiders have bought 1,341 shares of Altria Group Inc., worth $56,214.70 at an average price of $41.92. On June 30, 2014, Directors, Kathryn B. McQuade, Debra J. Kelly-Ennis and Thomas F. Farrell II, have bought 447, 596, and 298 shares, respectively. Complimentary in-depth research on MO is available at:
http://www.Investor-Edge.com/MOInsiderTrading
Source:
http://www.altria.com/Media/Press-Releases/Pages/PressReleaseDetails.aspx?reqID=1949623
Insider trading Source:
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