Walmart (WMT) Scheduled to Post Earnings on Thursday

Share on StockTwits

Walmart (NYSE:WMT) is set to announce its earnings results before the market opens on Thursday, November 15th. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Walmart has set its FY19 guidance at $4.90-5.05 EPS.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm had revenue of $127.06 billion for the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter last year, the business posted $1.08 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Walmart to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Walmart stock opened at $102.94 on Wednesday. Walmart has a one year low of $81.78 and a one year high of $109.98. The company has a market cap of $312.71 billion, a P/E ratio of 23.29, a P/E/G ratio of 4.36 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.

In other news, insider Jacqueline P. Canney sold 1,575 shares of Walmart stock in a transaction on Friday, August 31st. The stock was sold at an average price of $95.48, for a total value of $150,381.00. Following the completion of the sale, the insider now directly owns 57,276 shares of the company’s stock, valued at $5,468,712.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 2,009,792 shares of Walmart stock in a transaction on Friday, September 28th. The shares were sold at an average price of $94.63, for a total value of $190,186,616.96. Following the completion of the sale, the insider now directly owns 10,557,224 shares of the company’s stock, valued at $999,030,107.12. The disclosure for this sale can be found here. Insiders sold 10,199,130 shares of company stock valued at $976,228,654 over the last ninety days. Insiders own 51.11% of the company’s stock.

A number of equities analysts recently commented on WMT shares. Gordon Haskett downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded Walmart from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 target price on shares of Walmart in a research note on Tuesday, August 7th. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 target price on shares of Walmart in a research note on Thursday, August 9th. Finally, Guggenheim reissued a “buy” rating and set a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $103.16.

WARNING: This piece was originally posted by Macon Daily and is owned by of Macon Daily. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://macondaily.com/2018/11/14/walmart-wmt-scheduled-to-post-earnings-on-thursday.html.

About Walmart

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.

Featured Story: Closed-End Mutual Funds (CEFs)

Earnings History for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply