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Altria Group Inc Revises FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates


Tuesday, 11 Jun 2013 08:45am EDT 

Altria Group Inc announced that for fiscal 2013, it has revised its guidance and reported diluted EPS from a range of $2.49 to $2.55 to a range of $2.50 to $2.56 to reflect the impact of an additional $36 million credit to be applied against Philip Morris USA Inc.'s (PM USA) Master Settlement Agreement payment obligations as a result of two more states joining the previously disclosed settlement with certain states of the non-participating manufacturer (NPM) adjustment disputes for 2003-2012. The forecast also reflects estimated SABMiller plc (SABMiller) special items. Altria reaffirms its guidance for 2013 full-year adjusted diluted EPS, which excludes special items, to be in the range of $2.35 to $2.41, representing a growth rate of 6% to 9% from an adjusted diluted EPS base of $2.21 in 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.40 for fiscal 2013. 

Company Quote

44.27
1.11 +2.57%
15 Sep 2014