Altria Group has finalized a significant divestiture as part of a strategic shift, following a staggering $12.8 billion loss from its investment in Juul. While maintaining a strong dividend yield of 8.45% and seeking growth with a $2.75 billion investment in rival NJOY, the company faces concerns over future revenues, evidenced by a drop in Zacks Consensus Estimate for its 2023 EPS. Despite a slight revenue decline in Q4 2022, Altria projects adjusted EPS growth of 3-6% for 2023, emphasizing its commitment to dividend payouts and expanding its smoke-free product lines.
“Altria · has a dividend yield of · 8.45%”
“Altria · has · annual dividend increases · more than a decade”
“Altria · should have · concerns about the future · some concerns”
“Altria · closed · price · $44.50”
“Altria · moved · percentage · -0.04%”
“Altria · lost · percentage · 3.53%”
“Altria · next earnings report date · date · April 27, 2023”
“Altria · has · Zacks Rank · #3”
“Altria · has · Forward P/E ratio · 8.81”
“Altria · has · PEG ratio · 2.2”
“Altria Group · is ranked as · Zacks Rank #3 · true”
“Altria · has an expected adjusted EPS growth of · 3-6% in 2023 · true”