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Altria: prepares to jump on smokeless tobacco

Altria (MO) released its third quarter results last week. It is set at 44% due to the reduction of debt and redemption charge. Despite cigarette sales increased by 1.3%, revenues remained unchanged at 2.2%, or $ 6.24 billion, compared with $ 4.5 billion approximately. EPS was only 43.9%, and about 58 cents estimated. About 73% of sales come from Altria cigarettes, but strong sales of smokeless tobacco have been impressive. Smokeless tobacco accounts for about 10% of sales and is growing from 3.5% to 4%. Cigarette use has fallen by 1.2% to 2.4% compared to 2009, but Altria other brands that make up the loss. EPS this year, designed to $ 2.21, compared to a projected $ 1.64. Altria gross profit is 55%, 14.7% net margin. Altria’s total debt is 19.65% of … Read entire article »

Filed under: Tobacco news

Altria- Malboro maker

Marlboro maker Altria Group Inc. said Tuesday that its net profit nearly tripled in the second quarter, as higher prices helped offset a flat amount of cigarettes compared to last year when its results were suppressed by a large charge. Marlboro maker Altria Group Inc. said Tuesday that its net profit nearly tripled in the second quarter, as higher prices helped offset a flat amount of cigarettes compared to last year when its results were suppressed by a large charge. The owner of the largest cigarette manufacturing country, Philip Morris USA, the net profit of $ 1.23 billion, or 60 cents per share, for the three months ended June 30, compared with $ 444 million, or 21 cents a share, a year earlier when the company also recorded expenses related to … Read entire article »

Filed under: Marlboro brand

Altria Settles with IRS Problems

Altria Inc (NYSE: MO), a leading cigarette manufacturer in the world and owner of popular brands Marlboro, entered into an agreement to settle all disputes with the Internal Revenue Service (IRS). The company will pay about $ 500 million for federal and state income taxes, as well as the related estimated interest to settle the dispute with the IRS. Of the $ 500 million, Altria will pay $ 450 million by the end of the second quarter of 2012, relating to federal income tax and related interest assessed in connection with the 2000 and 2010 taxes. In June 2011 IRS concluded its consideration a consolidated federal income tax returns in Altria’s 1996 and 2003. IRS has decided to deny tax benefits enjoyed by the closed cup (a division of Altria) in respect … Read entire article »

Filed under: Tobacco companies, Tobacco news

Altria remains neutral

We recently reaffirmed our neutral recommendation on Altria Group Inc (MO – Analyst Report), a manufacturer and marketer of cigarettes, smokeless products, wine and financial services providers in the U.S. The company reported profit of 49 cents per share in the first quarter of fiscal 2012, which according to the consensus estimate of Sachs, but also surpassed the previous year’s result of 11.4%. Raising revenue was the result of long-term premium brand initiatives, Philip Morris USA, as well as high performance and significant increase in market share the company’s brand Marlboro. Launching new products in the segment of smokeless product also increased the top line results of the company. Altria has a strong portfolio of brands of tobacco and wine. The portfolio is enriched with popular names such as Marlboro, winston, Copenhagen, … Read entire article »

Filed under: Tobacco companies

Altria Hits all-time high

Shares of Altria (New York: MO) hit an all time high. Let’s see how he got there and make sure the clear skies are still in the forecast. A fresh 52-week high today, Altria is a measure of stability and pricing policies for the tobacco industry. Altria has a number of factors; it so happens that seems to never change. On the one hand, this haven of investment, which generates a strong cash flow every quarter? Safe investments are critical now more than ever, as European concerns and China’s slowdown hit the market is very unsettled. Complies with the cash flow is also used by Altria to pay, which is currently pay dividends of 5%, which grew by 8.6% annually over the past three years. Finally, Altria has brand recognition and pricing, … Read entire article »

Filed under: Tobacco laws, Tobacco news

Altria is preparing to launch less nicotine tobacco drive

Verve will begin selling in 50 stores in Virginia in early June Altria Group Inc. is in uncharted territory: less nicotine tobacco product. The tobacco company is expected to run is not dissolution, tablet form of nicotine disc called Verve, the latest foray into the industry as a pilot of smokeless, told The Wall Street Journal. In contrast, smokeless sold Altria and Reynolds American Inc, Verve does not contain tobacco. Instead, chewable, mint disc will provide nicotine extracted from tobacco, the report said. Verve disc, which resembles a cough, relieve nicotine for about 15 minutes, the user sucks or chews it. It does not require spitting, to avoid the ingestion of tobacco. But the drive from the cellulose fibers and the polymer does not dissolve well, so users will have to throw … Read entire article »

Filed under: Nicotine dependence