Wal-Mart Stores, Inc. (NYSE:WMT) is set to release its earnings data before the market opens on Thursday, November 16th. Analysts expect Wal-Mart Stores to post earnings of $0.98 per share for the quarter. Wal-Mart Stores has set its Q3 guidance at $0.90-0.98 EPS.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 earnings per share. On average, analysts expect Wal-Mart Stores to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Wal-Mart Stores, Inc. (WMT) opened at $91.09 on Wednesday. The company has a market capitalization of $272,100.00, a PE ratio of 20.85, a PEG ratio of 3.39 and a beta of 0.34. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $91.98. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51.

Wal-Mart Stores announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently commented on WMT. Barclays PLC set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Morgan Stanley set a $90.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday, November 8th. Jefferies Group LLC set a $105.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday. Finally, Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.54.

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In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total transaction of $125,294.00. Following the completion of the sale, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 646,330 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the sale, the director now owns 3,344,956 shares of the company’s stock, valued at $268,265,471.20. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock valued at $785,676,492 over the last 90 days. Corporate insiders own 51.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Fred Alger Management Inc. lifted its stake in Wal-Mart Stores by 4,619.7% during the second quarter. Fred Alger Management Inc. now owns 1,128,064 shares of the retailer’s stock worth $85,372,000 after purchasing an additional 1,104,163 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Wal-Mart Stores by 294.7% in the 2nd quarter. Janus Henderson Group PLC now owns 830,566 shares of the retailer’s stock valued at $62,856,000 after acquiring an additional 620,113 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Wal-Mart Stores by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after acquiring an additional 580,373 shares during the last quarter. GLG Partners LP bought a new position in shares of Wal-Mart Stores in the 2nd quarter valued at $12,759,000. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Wal-Mart Stores by 63.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 384,728 shares of the retailer’s stock valued at $29,117,000 after acquiring an additional 149,608 shares during the last quarter. Hedge funds and other institutional investors own 30.12% of the company’s stock.

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.

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

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