Altria on the Street: Analyst Recommendations ahead of the 3Q17 Earnings
Analysts expect Altria stock to reach $72.31 in the next 12 months, which represents a return potential of 11.6%, based on its price of $64.81 on October 18.
As of October 18, 2017, Altria was trading at a forward PE multiple of 18.5x, compared with 20.9x before the announcement of its 2Q17 earnings.
Analysts expect Altria Group (MO) to report adjusted EPS (earnings per share) of $0.88, which would represent a 7.3% rise from $0.82 in 3Q16.
For 3Q17, analysts expect Altria Group (MO) to report a gross margin, EBITDA margin, and net margin of 62.3%, 51.8%, and 31.6%, respectively.
In 2Q17, Altria’s (MO) Smokeable Products segment generated 86.1% of the company’s total revenues.
On October 18, 2017, Altria stock was trading at $64.81, which represents a fall of 9.6% since the announcement of its 2Q17 earnings on July 27, 2017.
The majority of analysts rating Colgate-Palmolive (CL) stock are maintaining a neutral stance. The company could benefit from accelerating demand in emerging markets.
Colgate-Palmolive (CL) has managed to improve its profit margins despite a challenging operating environment, thanks to its Funding the Growth initiative.
Colgate-Palmolive’s (CL) sales are primarily affected by its sluggish performance in the North American region, particularly in the United States.
Colgate-Palmolive (CL) has disappointed investors with its tepid top-line performance over the past several quarters. It has missed analysts’ sales estimates for the past five quarters.
Colgate-Palmolive (CL) is set to announce its 3Q17 earnings on Friday, October 27, 2017. Wall Street expects its adjusted EPS (earnings per share) to remain flat at $0.73.
Colgate-Palmolive (CL) stock has risen 15.8% on a YTD (year-to-date) basis as of October 16, 2017, and has outperformed most of its peers in terms of stock gains.
Walmart (WMT) stock rose 9.6% last week after the company reaffirmed its fiscal 2018 earnings guidance. It still expects the EPS to be $4.30–$4.40.
On October 10, 2017, Deutsche Bank raised the target price for Walmart (WMT) stock to $84 from $81 with a “hold” rating.
Harley-Davidson (HOG) will announce its fiscal 3Q17 results on October 17, 2017. Analysts expect the company’s earnings to fall 37.5% to $0.39 per share.
On October 6, CNBC reported that Amazon plans to sell prescription drugs online. Walgreens stock fell 7.7%, while CVS stock fell 5.6% last week.
The third quarter earnings season has picked up the pace. The S&P 500 Index finished the week ending October 13 with slight growth of 0.15%.
Kimberly-Clark’s (KMB) 2H17 results are expected to benefit from new and updated products.
Kimberly-Clark’s (KMB) margins were impacted adversely by inflationary pressure on input costs last quarter.
Analysts estimate Kimberly-Clark (KMB) to post sales of $4.7 billion in 3Q17, up 1.4% YoY (year-over-year).