krblokhin Altria Group (NYSE:MO) submitted a solid earnings sheet for the second fiscal quarter, although the tobacco firm missed on both the top and the bottom line. Strong NJOY momentum, driven by growing distribution and product uptake, continues to support the company's earnings growth projection and the e-cigarette market opportunity is growing for Altria. On the other hand, Altria's combustible segment is still struggling as smokers turn away from traditional tobacco products. From a dividend cove ...

Performance and Investment Strategy - Altria Group (NYSE:MO) has been one of the best-performing investments in 2024, with total returns (including dividends) up by almost 30% [1] - After a follow-up article in June, the total returns reached ~12%, outperforming the S&P 500 by about 10% [1] - The stock initially dropped ~5% after the Q2 2024 earnings report but has since recovered to pre-report levels [1] - The decision has been made to stop directing additional capital towards increasing the position in Altria, including shifting dividends to other income-generating allocations, but no divestment of shares is planned [2] Q2 2024 Earnings Overview - Adjusted diluted earnings per share (EPS) remained unchanged in Q2 2024 compared to Q2 2023, in line with management's guidance [4] - Earnings growth is expected in the second half of 2024, with adjusted diluted EPS projected to increase by 2.5% to 4%, reaching a range of $5.07 to $5.15 [4] - The growth trajectory is consistent with British American Tobacco (NYSE:BTI) and aligns with U.S. sector-wide inventory cycles and additional shipping days in H2 2024 [4] Segment Performance - The smokable products segment saw a 2% decline in adjusted operating income in Q2 2024, despite a 13% decline in domestic cigarette volumes, indicating strong margin protection [4] - The oral tobacco products segment grew by 1.8% in adjusted OCI compared to Q2 2023, with nicotine pouches expanding by 12.3 share points year-over-year, now representing almost 42% of the category [4] - NJOY, acquired in June 2023, received FDA marketing granted orders for menthol e-vapor products and launched the NJOY ACE 2.0 device, contributing to a 14.7% increase in consumables and an 80% increase in device shipment volumes [4] - NJOY's retail share for consumables increased by 1.3 share points to 5.5%, while device share more than doubled from 11.6% in Q1 2024 to 25.4% in Q2 2024 [4] Capital Structure and Financial Health - Altria's debt to EBITDA ratio remains strong at 2.1x, with a focus on maintaining an investment-grade credit rating [4] - The company prioritizes a strong balance sheet to support shareholder interests and manage cash outflows effectively [4] Valuation and Growth Prospects - Altria's forward P/E multiple has expanded to 10x, slightly above the 5-year average, while British American Tobacco trades at a more attractive forward P/E of 7.7x [6] - The growth prospects for Altria remain stable and slightly positive, but the position has already appreciated by ~30%, leading to a decision to assign a hold rating [6] Dividend and Financial Outlook - Altria continues to offer an attractive dividend yield of ~7.7%, supported by solid financial prospects [5]

prchaec Things have been going quite well for shareholders of tobacco giant Altria Group, Inc. (NYSE:MO). Since I last rated the company a “hold” back in late April of this year, shares have skyrocketed by 15.3%. That's almost double the 8.6% increase seen by the S&P 500 (SP500) over the same window of time. This upside is also even though, on July 31st, shares declined by 3.1%. This was in response to management reporting financial results for the second quarter of the 2024 fiscal year. Revenue and adj ...

Altria Group NYSE: MO is one of the world’s “Big Three” tobacco companies and is in the consumer staples sector. Let's examine the firm’s business segments and the state of the cigarette market. We'll then review its Q2 2024 earnings report and examine the company’s growth areas.Get Altria Group alerts:Altria's Segments: Smokeable Products DominateAltria Group TodayMOAltria Group$49.67 +0.66 (+1.35%) 52-Week Range$39.06▼$50.85Dividend Yield7.89%P/E Ratio10.39Price Target$47.10Add to WatchlistAltria divides ...

Altria's Second-Quarter and First-Half 2024 Earnings Conference Call July 31, 2024 1 | ALCS | Q2 2024 | 7.31.24 | For Investor Purposes ONLY Safe Harbor Statement Statements, including earnings guidance, in this presentation that are not reported financial results or other historical information are "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates and expectations, and are not guarantees ...

KanawatTH Introduction & Investment Thesis Once again, let's start with a statement: I own a certain stake in Altria Group (NYSE:MO). I recently published an MO article and stated that it was a 'hold' for me. To emphasize further - I didn't, and I don't intend to sell my position. Since publication, the stock price has increased by ~5.4%. On July 31st, Altria Group reported its Q2 2024 results, which led to a stock price decrease of ~3%. In this article, I examine MO's business development during the la ...

Should investors treat sell-offs on this high-yield dividend stock as a buying opportunity?The stock of Altria (MO -2.99%) was losing ground Wednesday following the tobacco company's recent quarterly report. Its share price was down 4.3% as of 12:30 p.m. ET today, according to data from S&P Global Market Intelligence.Before the market opened this morning, Altria published second-quarter results that fell short of the market's expectations. The business posted adjusted earnings of $1.31 per share on sales of ...

Altria Group, Inc. (NYSE:MO) Q2 2024 Earnings Conference Call July 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 & Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Matt Smith - Stifel Callum Elliott - Bernstein Faham Baig - UBS Gaurav Jain - Barclays Owen Bennett - Jefferies Operator Good day everyone and welcome to the Altria Group 2024 Second Qua ...

Altria Group Inc. (MO) posted second-quarter 2024 results, wherein the bottom line remained flat year over year and came below the Zacks Consensus Estimate. Also, the top line declined from the year-ago quarter’s level. While the company continued to benefit from pricing power, soft cigarette shipment volumes remained a downside. Altria narrowed its bottom-line view for 2024. However, MO is demonstrating solid progress in its mission to transition adult smokers to a smoke-free future. In the second quarter, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...