Altria Group, Inc. (MO), a prominent tobacco and cigarette manufacturer, announced on Thursday that its Board has approved a new $1 billion stock buyback program, with an anticipated completion date of December 31.
Additionally, for the fiscal year 2025, Altria has released its earnings projections, anticipating adjusted earnings per share to range from $5.22 to $5.37, which marks an increase from the $5.12 per share reported for 2024. Analysts, on average, estimate the company's earnings per share to be $5.35 for the year.
The company also plans annual capital expenditures between $175 million and $225 million, with expected depreciation and amortization costs around $290 million.
