Altria Group, Inc. (MO)
Altria Group, Inc. (MO) Q3 2024 Earnings Call Transcript
Altria Group, Inc. (NYSE:MO ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Mac Livingston - Vice President of Investor Relations Billy Gifford - Chief Executive Officer Sal Mancuso - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Smith - Stifel Bonnie Herzog - Goldman Sachs Faham Baig - UBS Callum Elliott - Bernstein Operator Mac Livingston - Vice President of Investor Relations Billy Gifford - Chief Executive Officer Sal Mancuso - Chief Financial Officer Operator Good day everyone and welcome to the Altria Group 2024 Third Quarter Earnings Conference Call. Today's call is scheduled to last about one hour, including remarks by Altria's management and question-and-answer session.
MO Q3 Earnings Top Estimates on Pricing Amid Low Cigarette Volumes
Altria's Q3 results reflect strong pricing, while cigarette shipment volumes remain soft. Management announces the Optimize & Accelerate initiative.
Altria Q3 Review: Smoking Hot
Altria Group, Inc.'s 2024 Q3 once again highlights its core strengths. Non-traditional segments beginning to show early signs of promise. MO stock still appears undervalued, with a multiple of 10 and a yield of 8%.
Altria (MO) Q3 Earnings and Revenues Surpass Estimates
Altria (MO) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.28 per share a year ago.
Altria posts better-than-expected Q3 results on robust demand for vapes, nicotine pouches
Altria Group beat market expectations for third-quarter revenue and profit on Thursday, as robust demand for its nicotine pouches and e-cigarettes helped soften the hit to its cigarettes category.
Ultra-High-Yield Altria Stock: Buy, Sell, or Hold?
Altria has a lofty 8.2% yield, but that yield comes with material risks. You shouldn't buy it unless you can handle significant uncertainty.
Is Altria Stock a Buy, Sell or Hold at a P/S Multiple of 4.2X?
Altria struggles with challenges in the Smokeable Products unit, driven by economic pressures on consumers and the rise of illegal e-vapor alternatives.
Altria: Dividend Rise Makes Up For Fresh Challenges For NJOY
While Altria's share price hasn't particularly moved in recent months, there have been two crucial developments for it. One, the company's dividend increase has raised the forward yield to 8.2%, which makes it second only to British American Tobacco among the big five tobacco stocks. Two, a patent infringement claim by JUUL against NJOY has gone in JUUL's favor. While Altria continues to fight it out, there's now a question mark on the brand's future.
Should Altria Stock be in Your Portfolio Ahead of Q3 Earnings?
Altria faces challenges from macroeconomic pressures and a surge in illegal e-vapor products, though smoke-free offerings provide some support.
Altria: The Future Of The Cigarette Market
Altria offers a compelling investment with a low P/E ratio and an 8.2% dividend yield despite facing volume declines and regulatory risks. The US market remains highly profitable for Altria, but the lack of diversification and regulatory threats pose significant risks. Vaping and other alternatives are accelerating cigarette volume declines in the US, but Altria's pricing power and buybacks support profitability.
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Altria (MO) Rises Higher Than Market: Key Facts
In the most recent trading session, Altria (MO) closed at $49.94, indicating a +0.28% shift from the previous trading day.
