Altria Group Reaffirms Full Year Guidance (MO)

Altria Group Reaffirms Full Year Guidance (MO)

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Tobacco company, Altria Group, Inc.(MO) reaffirms full year guidance on Tuesday.

The company will be attending Morgan Stanley Global Consumer Conference today in New York, NY where it will reaffirm its previously stated full year guidance.

MO expects to see full year EPS in the range of $2.03 to $2.07. Adjusted full year earnings are expected to be in the range of $2.19 to $2.23 per share. The company is expecting a 5% growth from last years estimate of $2.05 per share.

Altria Group shares were mostly flat during premarket trading Tuesday. The stock is up 4.89% YTD.

The Bottom Line
We have been recommending shares of Altria Group (MO) since Aug. 24, when the stock was trading at $33.45. The company has a 5.66% dividend yield, based on last night’s closing stock price of $31.10.

Altria Group, Inc.(MO)is a “Recommended” dividend stock at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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