Key Dates for Consumer Stocks this Week
On November 29, RBC upgraded Wal-Mart Stores (WMT) stock to “sector perform” from “underperform” and raised the stock’s target price to $96 from $92.
Ulta Beauty’s (ULTA) 3Q17 revenues came in at ~$1.34 billion, compared with $1.13 billion in 3Q16, missing the analyst estimate by 0.1%.
Dollar General (DG) is expected to report EPS of $0.94 for fiscal 3Q17, which would be a 5.6% YoY (year-over-year) rise.
Kroger (KR) announced its fiscal 3Q17 results on November 30, 2017, surpassing the analysts’ estimates for revenues by 1.02% and for earnings by 10.0%.
The consumer staples sector rose 2.3% last week, led by Kroger (KR), Costco Wholesale (CORP), Campbell Soup (CPB), Hormel Foods (HRL), and CVS Health (CVS).
Of the 15 analysts that follow Altria Group, 53.3% recommend a “buy,” and 46.7% recommend a “hold.” None of the analysts recommend a “sell” option.
For the next four quarters, analysts expect Philip Morris and Altria Group to post EPS growth of 16.5% and 11.1%, respectively.
In 3Q17, Altria Group (MO) posted earnings per share (or EPS) of $0.97.
For the next four quarters, analysts expect Altria to post gross margin, EBITDA margin, and net margin readings of 62.1%, 52.2%, and 33.6%, respectively.
For the next four quarters, analysts expect Philip Morris International (PM) to post revenues of ~$31.3 billion.
In 3Q17, Philip Morris International (PM) posted net revenues of ~$7.5 billion, which was 3.2% lower than the analyst estimate of ~$7.7 billion.
In 3Q17, Philip Morris posted adjusted earnings per share of $1.27 on revenues of ~$7.5 billion. Altria Group posted adjusted earnings per share of $0.90 on revenues of $5.1 billion.
The majority of analysts providing recommendations on consumer product companies in the United States (SPY) continue to maintain a “neutral” outlook.
As of November 24, 2017, Colgate-Palmolive (CL) stock was trading at a forward PE multiple of 24.0x, which is higher than its peers.
Church & Dwight (CHD) reported better-than-expected 3Q17 results, thanks to strong volumes growth across all its business segments.
Clorox (CLX) continued its strong top-line and bottom-line performances in fiscal 1Q18.
Colgate-Palmolive (CL) topped analysts’ sales estimate during the last reported quarter. However, margins remained soft.
Kimberly-Clark’s (KMB) performance was adversely impacted by lower birth rates in South Korea and the United States (SPY), which in turn is affecting its diaper volumes.
Procter & Gamble posted mixed fiscal 1Q18 results. Its EPS came in ahead of analysts’ expectation, rising 5.8% YoY thanks to a lower share count.
Most of the key consumer product companies, with the exception of Clorox (CLX), didn’t impress investors much with their recently reported quarterly results.