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Tobacco group Altria has quickly recovered from it's post-earnings drop and is potentially setting up for further upside as well as a continuation of it's gradual upward trend. Most recently the group reported it's Q4 and full year earnings while announcing a new $1bn share repurchase program.
“2024 was another pivotal year for Altria, headlined by meaningful progress toward our Vision, strong financial results and significant cash returns to shareholders,” said Billy Gifford, Altria’s Chief Executive Officer. “Our companies’ leading brands and talented teams enabled our core tobacco businesses to deliver solid income growth and margin expansion, while we strategically invested in our future.”
“We expect to deliver 2025 full-year adjusted diluted EPS in a range of $5.22 to $5.37. This range represents an adjusted diluted EPS growth rate of 2% to 5% from a base of $5.12 in 2024.”
Traders could consider this share as part of a broader, diversified portfolio.
Lester Davids
Analyst: Unum Capital
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