Altria Group To Repurchase $1 Bln Of Shares, Expects 2025 Earnings To Improve

(RTTNews) - Altria Group, Inc. (MO), a producer of tobacco and cigarettes, on Thursday announced that its Board has authorized a new $1 billion share repurchase program, which is expected to be completed by December 31.

In addition, for the full-year 2025, the company has initiated earnings outlook and expects adjusted income per share of $5.22 to $5.37, higher than $5.12 per share reported for the full-year 2024.

Analysts, on average, forecast the company to earn $5.35 per share, for the year.

The Group projects annual capital expenditures of $175 million to $225 million, while depreciation and amortization expenses are anticipated to be around $290 million.