Altria post earnings of 57 cents a share for the fourth quarter, which missed the Capital IQ Consensus Estimate of 58 cents a share by 1 cent. Net revenue for the cigarette producer fell 1.3% to $4.4 billion, just missing the analyst estimates of $4.47 billion.
The company's guidance for 2014 is in line with analyst expectations. The company expects to see earnings of between $2.52 and $2.59 a share for the year, which analysts expect earnings of $2.57 a share for the year.
Altria also announce that it repurchased about 6.8 million shares of common stock for about $252 million during the fourth quarter. The company has $457 million remaining in its $1 billion buyback program, which it expects to complete in the third quarter of 2014.
TheStreet Ratings team rates ALTRIA GROUP INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALTRIA GROUP INC (MO) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."