Analysts predict that Walmart Inc (NYSE:WMT) will post $1.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Walmart’s earnings. The lowest EPS estimate is $1.11 and the highest is $1.25. Walmart reported earnings per share of $1.08 in the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The business is expected to report its next quarterly earnings results on Thursday, August 16th.
According to Zacks, analysts expect that Walmart will report full-year earnings of $4.83 per share for the current financial year, with EPS estimates ranging from $4.56 to $5.10. For the next fiscal year, analysts anticipate that the company will post earnings of $5.02 per share, with EPS estimates ranging from $4.55 to $5.56. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Walmart.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The firm had revenue of $122.69 billion for the quarter, compared to analysts’ expectations of $119.29 billion. During the same period in the previous year, the company posted $1.00 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.
Several research firms have weighed in on WMT. Royal Bank of Canada set a $88.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday, May 17th. Oppenheimer set a $93.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a research report on Friday, March 2nd. Morningstar set a $91.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Thursday, May 10th. Loop Capital began coverage on shares of Walmart in a research report on Thursday, April 5th. They set a “hold” rating and a $92.00 price objective on the stock. Finally, Credit Suisse Group set a $85.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday, May 10th. Twenty research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Walmart presently has an average rating of “Buy” and a consensus price target of $96.53.
NYSE WMT traded down $0.21 on Friday, hitting $85.65. 8,260,329 shares of the stock were exchanged, compared to its average volume of 8,877,824. Walmart has a 52-week low of $73.13 and a 52-week high of $109.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.73. The stock has a market cap of $254.35 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.64 and a beta of 0.53.
In related news, major shareholder Alice L. Walton sold 491,120 shares of Walmart stock in a transaction on Monday, June 11th. The shares were sold at an average price of $84.23, for a total value of $41,367,037.60. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $568,432,893.40. The transaction was disclosed in a document filed 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 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 completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $572,684,498.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,792,256 shares of company stock valued at $740,486,626. 51.11% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC bought a new position in Walmart in the 1st quarter worth $6,074,000. Greenline Partners LLC raised its holdings in Walmart by 10.0% in the 1st quarter. Greenline Partners LLC now owns 32,490 shares of the retailer’s stock worth $2,891,000 after acquiring an additional 2,944 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in Walmart in the 1st quarter worth $17,349,000. HighPoint Advisor Group LLC raised its holdings in Walmart by 283.5% in the 1st quarter. HighPoint Advisor Group LLC now owns 117,767 shares of the retailer’s stock worth $7,466,000 after acquiring an additional 87,057 shares during the period. Finally, Rikoon Group LLC raised its holdings in Walmart by 48.4% in the 1st quarter. Rikoon Group LLC now owns 20,697 shares of the retailer’s stock worth $1,770,000 after acquiring an additional 6,747 shares during the period. 29.66% of the stock is owned by institutional investors and hedge funds.
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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