Analysts predict that Walmart Inc (NYSE:WMT) will report $1.22 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Walmart’s earnings. The lowest EPS estimate is $1.01 and the highest is $1.40. Walmart reported earnings of $1.27 per share in the same quarter last year, which suggests a negative year over year growth rate of 3.9%. The firm is expected to issue its next quarterly earnings report on Thursday, August 20th.
According to Zacks, analysts expect that Walmart will report full-year earnings of $4.93 per share for the current year, with EPS estimates ranging from $4.30 to $5.16. For the next fiscal year, analysts expect that the firm will report earnings of $5.41 per share, with EPS estimates ranging from $5.30 to $5.56. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Walmart.
Walmart (NYSE:WMT) last issued its earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. The company had revenue of $134.62 billion for the quarter, compared to analysts’ expectations of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. Walmart’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS.
WMT has been the subject of a number of research reports. Raymond James increased their price target on Walmart from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Gordon Haskett downgraded shares of Walmart from a “buy” rating to an “accumulate” rating and increased their target price for the company from $130.00 to $140.00 in a research report on Wednesday, April 29th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating and issued a $145.00 price target on shares of Walmart in a research report on Tuesday, May 19th. Stifel Nicolaus boosted their target price on shares of Walmart from $117.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Finally, Atlantic Securities initiated coverage on Walmart in a research report on Thursday, March 26th. They set an “overweight” rating and a $130.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $132.45.
In related news, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.00, for a total value of $922,824.00. Following the sale, the executive vice president now owns 51,526 shares of the company’s stock, valued at approximately $6,492,276. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $120.89, for a total transaction of $10,275,650.00. Following the transaction, the executive vice president now owns 2,075,532 shares of the company’s stock, valued at $250,911,063.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 262,324 shares of company stock worth $32,581,924. Corporate insiders own 50.43% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Sofos Investments Inc. boosted its holdings in Walmart by 581.4% in the 1st quarter. Sofos Investments Inc. now owns 1,206 shares of the retailer’s stock worth $25,000 after buying an additional 1,029 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its stake in shares of Walmart by 75.6% in the first quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Bainco International Investors purchased a new stake in shares of Walmart during the first quarter worth approximately $35,000. RMR Wealth Builders acquired a new position in Walmart in the 4th quarter valued at $42,000. Finally, Contravisory Investment Management Inc. acquired a new position in Walmart in the 1st quarter valued at $42,000. 29.97% of the stock is owned by institutional investors and hedge funds.
Shares of WMT traded up $0.22 during midday trading on Thursday, reaching $119.11. 131,635 shares of the stock were exchanged, compared to its average volume of 7,859,437. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. Walmart has a twelve month low of $102.00 and a twelve month high of $133.38. The company has a market cap of $336.90 billion, a P/E ratio of 22.60, a PEG ratio of 4.56 and a beta of 0.28. The stock’s 50 day simple moving average is $121.42 and its 200 day simple moving average is $119.37.
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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