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Altria (MO) Gains As Market Dips: What You Should Know
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Altria (MO - Free Report) closed the most recent trading day at $43.72, moving +0.44% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.32%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq lost 0.89%.
Coming into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 1.27% in the past month. In that same time, the Consumer Staples sector lost 3.89%, while the S&P 500 lost 0.12%.
Altria will be looking to display strength as it nears its next earnings release. On that day, Altria is projected to report earnings of $1.30 per share, which would represent year-over-year growth of 1.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.49 billion, up 1.43% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5 per share and revenue of $20.84 billion. These totals would mark changes of +3.31% and +0.72%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Altria. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.23% higher. Altria is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Altria is holding a Forward P/E ratio of 8.7. For comparison, its industry has an average Forward P/E of 9.07, which means Altria is trading at a discount to the group.
Meanwhile, MO's PEG ratio is currently 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MO's industry had an average PEG ratio of 2.14 as of yesterday's close.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Altria (MO) Gains As Market Dips: What You Should Know
Altria (MO - Free Report) closed the most recent trading day at $43.72, moving +0.44% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.32%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq lost 0.89%.
Coming into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 1.27% in the past month. In that same time, the Consumer Staples sector lost 3.89%, while the S&P 500 lost 0.12%.
Altria will be looking to display strength as it nears its next earnings release. On that day, Altria is projected to report earnings of $1.30 per share, which would represent year-over-year growth of 1.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.49 billion, up 1.43% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5 per share and revenue of $20.84 billion. These totals would mark changes of +3.31% and +0.72%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Altria. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.23% higher. Altria is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Altria is holding a Forward P/E ratio of 8.7. For comparison, its industry has an average Forward P/E of 9.07, which means Altria is trading at a discount to the group.
Meanwhile, MO's PEG ratio is currently 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MO's industry had an average PEG ratio of 2.14 as of yesterday's close.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.