Altria Group Inc (MO) Presents at the Barclays Global Consumer Staples Conference; Reaffirms 2015 Adjusted Diluted EPS Guidance
Altria Group Inc (NYSE:MO) is participating today in the Barclays Global Consumer Staples Conference in Boston, Massachusetts. Billy Gifford, Altria’s Chief Financial Officer, will highlight the company’s financial goals and strategies, diverse business model and track record of delivering consistent returns to shareholders.
2015 Full-Year Guidance
Altria reaffirms its guidance for 2015 full-year adjusted diluted earnings per share (EPS), which excludes the special items discussed in Schedule 1, to be in the range of $2.76 to $2.81, representing a growth rate of 7.5% to 9.5% from an adjusted diluted EPS base of $2.57 in 2014, as shown in Schedule 1.
The factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to Altria’s forecast.
Remarks and Presentation
The presentation is being webcast live at altria.com in a listen-only mode, beginning at approximately 9:45 a.m. Eastern Time. A copy of the prepared remarks and business presentation and a replay of the audio webcast will be available at altria.com and via the Altria Investor app. (Original Source)
Shares of Altria closed yesterday at $53.49. MO has a 1-year high of $56.70 and a 1-year low of $42.92. The stock’s 50-day moving average is $54.27 and its 200-day moving average is $51.75.
On the ratings front, Cowen analyst Vivien Azer reiterated a Buy rating on MO, with a price target of $62, in a report issued on August 21. The current price target implies an upside of 15.9% from current levels. According to TipRanks.com, Azer has a total average return of 17.1%, a 68.8% success rate, and is ranked #764 out of 3752 analysts.