Brokerages forecast that Walmart Inc (NYSE:WMT) will post earnings per share of $1.08 for the current quarter, according to Zacks. Six analysts have issued estimates for Walmart’s earnings, with estimates ranging from $1.02 to $1.17. Walmart also reported earnings per share of $1.08 during the same quarter last year. The company is scheduled to issue its next earnings results on Thursday, November 21st.
According to Zacks, analysts expect that Walmart will report full-year earnings of $4.91 per share for the current financial year, with EPS estimates ranging from $4.80 to $5.06. For the next year, analysts expect that the business will report earnings of $5.10 per share, with EPS estimates ranging from $4.98 to $5.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Walmart.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The business had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year.
A number of research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Walmart to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Citigroup set a $129.00 price target on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim reiterated a “buy” rating and set a $125.00 price target on shares of Walmart in a research note on Thursday, August 15th. Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group boosted their price target on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and an average target price of $114.99.
Shares of Walmart stock traded down $1.08 on Friday, reaching $110.83. 5,100,919 shares of the stock were exchanged, compared to its average volume of 7,066,214. Walmart has a 1-year low of $85.78 and a 1-year high of $115.49. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average price of $111.54 and a two-hundred day moving average price of $104.20. The firm has a market capitalization of $319.47 billion, a PE ratio of 22.57, a PEG ratio of 4.82 and a beta of 0.41.
In other news, Director S Robson Walton sold 737,813 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $105.28, for a total value of $77,676,952.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gregory S. Foran sold 19,487 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $105.00, for a total transaction of $2,046,135.00. Following the completion of the sale, the insider now owns 343,374 shares in the company, valued at $36,054,270. The disclosure for this sale can be found here. Insiders have sold 1,783,026 shares of company stock worth $187,848,418 over the last 90 days. 51.11% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in WMT. Lincoln Capital LLC lifted its stake in shares of Walmart by 1.5% during the second quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock valued at $723,000 after buying an additional 94 shares during the period. First National Bank of Hutchinson lifted its stake in shares of Walmart by 1.5% during the second quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock valued at $740,000 after buying an additional 96 shares during the period. Dixon Hubard Feinour & Brown Inc. VA raised its stake in Walmart by 2.1% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after purchasing an additional 97 shares during the period. Savant Capital LLC raised its stake in Walmart by 0.6% during the second quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock worth $1,924,000 after purchasing an additional 97 shares during the period. Finally, Lindbrook Capital LLC raised its stake in Walmart by 2.7% during the second quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock worth $414,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 29.99% of the company’s stock.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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