Wal-Mart Stores, Inc. (WMT) Set to Announce Quarterly Earnings on Thursday
Wal-Mart Stores, Inc. (NYSE:WMT) is set to post its quarterly earnings results before the market opens on Thursday, August 17th. Analysts expect Wal-Mart Stores to post earnings of $1.07 per share for the quarter. Wal-Mart Stores has set its Q2 guidance at $1.00-1.08 EPS.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same period in the previous year, the business earned $0.98 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, analysts expect Wal-Mart Stores to post $4.36 EPS for the current fiscal year and $4.59 EPS for the next fiscal year.
Shares of Wal-Mart Stores, Inc. (WMT) opened at 81.61 on Thursday. The firm’s 50-day moving average is $76.55 and its 200 day moving average is $73.51. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The firm has a market capitalization of $246.01 billion, a P/E ratio of 18.53 and a beta of 0.29. Wal-Mart Stores also saw unusually large options trading activity on Monday. Traders acquired 5,107 put options on the stock. This represents an increase of 351% compared to the average volume of 1,132 put options.
In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,278,735 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $79.00, for a total value of $259,020,065.00. Following the completion of the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. Insiders sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 in the last three months. Insiders own 51.39% of the company’s stock.
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A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, July 13th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a report on Monday, May 15th. Royal Bank Of Canada restated a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BMO Capital Markets upgraded shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $63.00 to $80.00 in a report on Friday, May 19th. Finally, KeyCorp restated an “overweight” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a report on Wednesday, April 19th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $78.86.
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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