Wal-Mart Stores Inc (WMT) Expected to Announce Earnings of $1.36 Per Share

Equities research analysts expect Wal-Mart Stores Inc (NYSE:WMT) to post $1.36 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Wal-Mart Stores’ earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $1.25. Wal-Mart Stores reported earnings of $1.30 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 20th.

According to Zacks, analysts expect that Wal-Mart Stores will report full year earnings of $4.43 per share for the current financial year, with EPS estimates ranging from $4.32 to $4.52. For the next financial year, analysts anticipate that the firm will report earnings of $4.91 per share, with EPS estimates ranging from $4.63 to $5.32. Zacks’ EPS averages are an average based on a survey of research analysts that cover Wal-Mart Stores.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share.

WMT has been the subject of several recent research reports. Oppenheimer initiated coverage on Wal-Mart Stores in a report on Tuesday, October 10th. They set a “buy” rating and a $90.00 target price for the company. Bank of America set a $100.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 10th. Jefferies Group upped their target price on Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. KeyCorp set a $100.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Telsey Advisory Group boosted their price objective on Wal-Mart Stores from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $100.01.

In related news, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the sale, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock worth $1,207,333,538 over the last ninety days. 51.39% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in WMT. Lenox Wealth Advisors Inc. boosted its holdings in Wal-Mart Stores by 13,287.5% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after acquiring an additional 1,063 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the period. Cerebellum GP LLC bought a new stake in shares of Wal-Mart Stores in the fourth quarter valued at about $127,000. Hudock Capital Group LLC lifted its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Wal-Mart Stores in the second quarter valued at about $149,000. Institutional investors own 30.62% of the company’s stock.

Wal-Mart Stores (NYSE:WMT) traded down $1.09 during trading hours on Tuesday, hitting $99.00. The stock had a trading volume of 5,489,808 shares, compared to its average volume of 8,112,582. The company has a market capitalization of $309,509.69, a price-to-earnings ratio of 26.44, a PEG ratio of 3.76 and a beta of 0.42. Wal-Mart Stores has a 52 week low of $66.51 and a 52 week high of $109.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

Wal-Mart Stores declared that its board has authorized a share buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

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