$1.03 Earnings Per Share Expected for Walmart Inc (WMT) This Quarter

Analysts expect Walmart Inc (NYSE:WMT) to announce earnings per share (EPS) of $1.03 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Walmart’s earnings, with estimates ranging from $0.98 to $1.10. Walmart posted earnings of $1.00 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 15th.

According to Zacks, analysts expect that Walmart will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.64 to $5.02. For the next financial year, analysts forecast that the business will post earnings of $4.73 per share, with EPS estimates ranging from $4.50 to $5.03. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Walmart.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating the consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same period in the prior year, the business posted $1.08 earnings per share. Walmart’s revenue was up 4.2% compared to the same quarter last year.

Several brokerages have recently commented on WMT. Barclays reaffirmed a “buy” rating and set a $110.00 target price on shares of Walmart in a report on Tuesday. Royal Bank of Canada set a $101.00 target price on Walmart and gave the company a “neutral” rating in a report on Monday. Morningstar set a $96.00 target price on Walmart and gave the company a “neutral” rating in a report on Thursday, August 30th. Morgan Stanley set a $98.00 target price on Walmart and gave the company a “neutral” rating in a report on Tuesday, August 28th. Finally, Jefferies Financial Group set a $112.00 target price on Walmart and gave the company a “buy” rating in a report on Monday, August 27th. Nineteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $100.89.

In related news, insider Jacqueline P. Canney sold 1,575 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $95.48, for a total value of $150,381.00. Following the completion of the sale, the insider now directly owns 57,276 shares of the company’s stock, valued at approximately $5,468,712.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 491,120 shares of the stock in a transaction dated Monday, June 11th. The stock was 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 directly owns 6,748,580 shares of the company’s stock, valued at $568,432,893.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,659,544 shares of company stock valued at $773,912,009. Company insiders own 51.11% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WMT. Bank of Montreal Can purchased a new stake in Walmart in the 2nd quarter worth about $624,899,000. Putnam Investments LLC increased its position in Walmart by 836.2% in the 2nd quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock worth $472,064,000 after purchasing an additional 4,922,857 shares during the last quarter. Renaissance Technologies LLC increased its position in Walmart by 1,431.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock worth $284,572,000 after purchasing an additional 3,105,600 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in Walmart in the 2nd quarter worth about $265,661,000. Finally, Thomaspartners Inc. acquired a new position in Walmart in the 1st quarter worth about $229,117,000. 29.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE WMT traded down $0.62 during mid-day trading on Friday, hitting $95.83. 6,654,300 shares of the company traded hands, compared to its average volume of 9,742,971. Walmart has a 1 year low of $77.50 and a 1 year high of $109.98. The company has a market cap of $286.23 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 3.41 and a beta of 0.51. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70.

About Walmart

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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