Wal-Mart Stores (WMT) Releases Earnings Results, Misses Expectations By $0.04 EPS

Wal-Mart Stores (NYSE:WMT) posted its quarterly earnings results on Tuesday. The retailer reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04), Bloomberg Earnings reports. The company had revenue of $135.15 billion during the quarter, compared to the consensus estimate of $133.63 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. Wal-Mart Stores updated its FY19 guidance to $4.75-5.00 EPS.

Wal-Mart Stores (NYSE WMT) opened at $97.00 on Tuesday. Wal-Mart Stores has a 1 year low of $69.33 and a 1 year high of $109.98. The stock has a market cap of $310,398.41, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.74 and a beta of 0.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a $0.52 dividend. This is a positive change from Wal-Mart Stores’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 2.14%. Wal-Mart Stores’s payout ratio is 54.26%.

WMT has been the topic of a number of analyst reports. Citigroup raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their target price for the company from $106.00 to $117.00 in a report on Tuesday, December 19th. Goldman Sachs Group raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday, December 27th. Barclays boosted their target price on shares of Wal-Mart Stores to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Wolfe Research raised shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Seventeen 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’s stock. The stock has a consensus rating of “Buy” and an average target price of $100.72.

In related news, major shareholder Alice L. Walton sold 2,057,004 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total value of $198,891,716.76. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $652,520,200.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders sold 8,462,022 shares of company stock valued at $821,845,857 over the last quarter. 51.39% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Roberts Glore & Co. Inc. IL grew its position in Wal-Mart Stores by 0.5% in the second quarter. Roberts Glore & Co. Inc. IL now owns 11,983 shares of the retailer’s stock worth $907,000 after acquiring an additional 55 shares in the last quarter. Security National Bank of SO Dak grew its position in Wal-Mart Stores by 0.7% in the second quarter. Security National Bank of SO Dak now owns 15,405 shares of the retailer’s stock worth $1,166,000 after acquiring an additional 100 shares in the last quarter. Miles Capital Inc. grew its position in Wal-Mart Stores by 3.1% in the second quarter. Miles Capital Inc. now owns 3,557 shares of the retailer’s stock worth $269,000 after acquiring an additional 106 shares in the last quarter. Williams Jones & Associates LLC grew its position in Wal-Mart Stores by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 28,370 shares of the retailer’s stock worth $2,147,000 after acquiring an additional 200 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Wal-Mart Stores by 6.4% in the second quarter. Quadrant Capital Group LLC now owns 3,892 shares of the retailer’s stock worth $252,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 30.33% of the company’s stock.

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Wal-Mart Stores Company Profile

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.

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

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