Analysts forecast that Walmart Inc (NYSE:WMT) will announce $124.18 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Walmart’s earnings, with the lowest sales estimate coming in at $122.71 billion and the highest estimate coming in at $126.38 billion. Walmart posted sales of $123.18 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The firm is expected to issue its next earnings results on Thursday, November 15th.
On average, analysts expect that Walmart will report full-year sales of $513.64 billion for the current financial year, with estimates ranging from $510.34 billion to $518.07 billion. For the next financial year, analysts anticipate that the business will post sales of $526.17 billion per share, with estimates ranging from $517.35 billion to $536.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Walmart.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm had revenue of $127.06 billion during the quarter, compared to analysts’ expectations of $124.67 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Several brokerages recently commented on WMT. Oppenheimer reiterated a “neutral” rating and issued a $100.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Robert W. Baird raised their price objective on shares of Walmart to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 16th. Stephens set a $115.00 target price on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 17th. Deutsche Bank dropped their target price on shares of Walmart to $87.00 and set a “hold” rating for the company in a report on Thursday, May 10th. Finally, Zacks Investment Research upgraded shares of Walmart from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Nineteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and a consensus price target of $100.89.
In other Walmart news, insider David Chojnowski sold 5,442 shares of Walmart stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $85.30, for a total transaction of $464,202.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,499,270 shares of Walmart stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $84.86, for a total transaction of $127,228,052.20. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $572,684,498.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,588,090 shares of company stock worth $934,651,314. 51.11% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in WMT. Strategic Wealth Partners Ltd. lifted its position in shares of Walmart by 12.0% during the second quarter. Strategic Wealth Partners Ltd. now owns 11,965 shares of the retailer’s stock worth $1,025,000 after purchasing an additional 1,283 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Walmart by 149.7% during the second quarter. Chicago Partners Investment Group LLC now owns 4,589 shares of the retailer’s stock worth $393,000 after purchasing an additional 2,751 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Walmart during the second quarter worth $370,000. BDO Wealth Advisors LLC lifted its position in shares of Walmart by 4.0% during the second quarter. BDO Wealth Advisors LLC now owns 18,525 shares of the retailer’s stock worth $1,587,000 after purchasing an additional 705 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in shares of Walmart by 6.9% during the second quarter. Mount Yale Investment Advisors LLC now owns 72,987 shares of the retailer’s stock worth $6,251,000 after purchasing an additional 4,713 shares in the last quarter. 29.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE WMT traded up $1.20 during midday trading on Friday, hitting $96.56. The company had a trading volume of 601,795 shares, compared to its average volume of 9,527,882. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. Walmart has a twelve month low of $77.50 and a twelve month high of $109.98. The stock has a market capitalization of $283.97 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 3.39 and a beta of 0.51.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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