Altria Q1 adjusted EPS beats estimates on higher prices; backs FY outlook

Altria

30/04/2026 12:10

Overview

U.S. tobacco company's Q1 revenue rose 3.2% yr/yr, driven by higher pricing

Adjusted diluted EPS for Q1 rose 7.3%, beating analyst expectations

Company repurchased $280 mln in shares during the quarter

Outlook

Altria reaffirms 2026 full-year adj diluted EPS guidance of $5.56-$5.72

Company expects 2026 EPS growth to be more balanced between first and second halves

Altria guidance reflects moderated e-vapor growth and increased macroeconomic uncertainty

Result Drivers

HIGHER PRICING - Co said higher pricing in smokeable and oral tobacco segments drove revenue and income growth

SHIPMENT VOLUME DECLINES - Co said smokeable and oral tobacco shipment volumes fell, reflecting industry declines and retail share losses

FEWER SHARES OUTSTANDING - Adjusted diluted EPS growth was also driven by fewer shares outstanding

Company press release: ID:nBw8fMlk9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$5.43 bln
Q1 Adjusted EPS
Beat
$1.32
$1.25 (11 Analysts)
Q1 EPS
$1.30


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the tobacco peer group is "buy."

Wall Street's median 12-month price target for Altria Group Inc is $65.08, about 4.6% below its April 29 closing price of $68.20

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)