Wal-Mart Stores (NYSE:WMT) is set to post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect Wal-Mart Stores to post earnings of $1.35 per share for the quarter. Wal-Mart Stores has set its FY18 guidance at $4.38-4.46 EPS.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. On average, analysts expect Wal-Mart Stores to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Wal-Mart Stores (NYSE:WMT) opened at $99.55 on Tuesday. The company has a market cap of $294,910.00, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores has a 12 month low of $67.56 and a 12 month high of $109.98.
In related news, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 in the last 90 days. Company insiders own 51.39% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in Wal-Mart Stores by 6.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,892 shares of the retailer’s stock worth $252,000 after buying an additional 235 shares in the last quarter. Miles Capital Inc. lifted its holdings in Wal-Mart Stores by 3.1% in the 2nd quarter. Miles Capital Inc. now owns 3,557 shares of the retailer’s stock worth $269,000 after buying an additional 106 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in Wal-Mart Stores by 24.3% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 3,564 shares of the retailer’s stock worth $269,000 after buying an additional 696 shares in the last quarter. Gyroscope Capital Management Group LLC acquired a new position in Wal-Mart Stores in the 2nd quarter worth $297,000. Finally, Krilogy Financial LLC lifted its holdings in Wal-Mart Stores by 5.1% in the 2nd quarter. Krilogy Financial LLC now owns 5,186 shares of the retailer’s stock worth $393,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 30.45% of the company’s stock.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Saturday. Cowen set a $120.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Thursday, February 8th. Vetr raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price for the company in a research note on Monday, November 27th. ValuEngine upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, UBS Group set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Thursday, January 4th. Seventeen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $100.30.
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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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