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.
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