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Altria (MO) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Altria (MO - Free Report) closed at $60.77, marking a -1.09% move from the previous day. This change lagged the S&P 500's 2.15% gain on the day. At the same time, the Dow added 2.17%, and the tech-heavy Nasdaq gained 2.89%.
Heading into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 1.6% over the past month, outpacing the Consumer Staples sector's loss of 4.89% and the S&P 500's loss of 5.16% in that time.
MO will be looking to display strength as it nears its next earnings release, which is expected to be October 25, 2018. On that day, MO is projected to report earnings of $1.07 per share, which would represent year-over-year growth of 18.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.25 billion, up 2.43% from the year-ago period.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4 per share and revenue of $19.63 billion. These results would represent year-over-year changes of +18.34% and +4.89%, respectively.
It is also important to note the recent changes to analyst estimates for MO. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.03% lower. MO is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, MO is holding a Forward P/E ratio of 15.37. Its industry sports an average Forward P/E of 14.17, so we one might conclude that MO is trading at a premium comparatively.
Investors should also note that MO has a PEG ratio of 1.74 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Tobacco was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Altria (MO) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Altria (MO - Free Report) closed at $60.77, marking a -1.09% move from the previous day. This change lagged the S&P 500's 2.15% gain on the day. At the same time, the Dow added 2.17%, and the tech-heavy Nasdaq gained 2.89%.
Heading into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 1.6% over the past month, outpacing the Consumer Staples sector's loss of 4.89% and the S&P 500's loss of 5.16% in that time.
MO will be looking to display strength as it nears its next earnings release, which is expected to be October 25, 2018. On that day, MO is projected to report earnings of $1.07 per share, which would represent year-over-year growth of 18.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.25 billion, up 2.43% from the year-ago period.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4 per share and revenue of $19.63 billion. These results would represent year-over-year changes of +18.34% and +4.89%, respectively.
It is also important to note the recent changes to analyst estimates for MO. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.03% lower. MO is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, MO is holding a Forward P/E ratio of 15.37. Its industry sports an average Forward P/E of 14.17, so we one might conclude that MO is trading at a premium comparatively.
Investors should also note that MO has a PEG ratio of 1.74 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Tobacco was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.