Walmart Inc (NYSE:WMT) Expected to Announce Earnings of $1.44 Per Share

Equities analysts expect Walmart Inc (NYSE:WMT) to report earnings of $1.44 per share for the current quarter, according to Zacks. Six analysts have made estimates for Walmart’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.50. Walmart reported earnings of $1.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 18th.

On average, analysts expect that Walmart will report full year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.90 to $5.04. For the next year, analysts expect that the business will post earnings of $5.19 per share, with EPS estimates ranging from $5.08 to $5.34. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Walmart.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The firm had revenue of $126.98 billion during the quarter, compared to analyst estimates of $128.08 billion. During the same period last year, the company earned $1.08 EPS. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year.

A number of equities research analysts recently issued reports on WMT shares. Bank of America reissued a “buy” rating and set a $135.00 price target (up from $120.00) on shares of Walmart in a research note on Friday, August 16th. Morgan Stanley raised their price objective on Walmart from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Nomura raised their price objective on Walmart from $132.00 to $133.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim restated a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Walmart in a report on Thursday. Finally, Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $122.17.

Shares of WMT stock traded down $1.78 on Friday, reaching $118.87. 9,531,474 shares of the company’s stock were exchanged, compared to its average volume of 5,033,711. Walmart has a 52 week low of $85.78 and a 52 week high of $125.38. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $343.16 billion, a PE ratio of 24.21, a P/E/G ratio of 5.17 and a beta of 0.39. The company’s fifty day simple moving average is $118.79 and its 200 day simple moving average is $111.76.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John R. Furner sold 7,900 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.

A number of institutional investors have recently modified their holdings of WMT. Krane Funds Advisors LLC acquired a new stake in shares of Walmart during the 2nd quarter worth about $26,000. AllSquare Wealth Management LLC increased its position in Walmart by 235.3% in the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Knuff & Co LLC acquired a new stake in Walmart in the 3rd quarter valued at about $36,000. Shine Investment Advisory Services Inc. increased its position in Walmart by 181.7% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after acquiring an additional 198 shares in the last quarter. Finally, Mcmillion Capital Management Inc. acquired a new stake in Walmart in the 2nd quarter valued at about $34,000. 30.13% of the stock is owned by hedge funds and other institutional investors.

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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