Brokerages expect that Walmart Inc (NYSE:WMT) will post sales of $124.18 billion for the current quarter, according to Zacks. Five analysts have made estimates for Walmart’s earnings, with estimates ranging from $122.71 billion to $126.38 billion. Walmart posted sales of $123.18 billion during the same quarter last year, which suggests a positive year over year growth rate of 0.8%. The business is expected to issue its next quarterly earnings results on Thursday, November 15th.

On average, analysts expect that Walmart will report full-year sales of $513.91 billion for the current year, with estimates ranging from $510.34 billion to $518.07 billion. For the next financial year, analysts forecast that the business will post sales of $526.17 billion, with estimates ranging from $517.35 billion to $536.82 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Walmart.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $124.67 billion. During the same period in the previous year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several analysts have weighed in on WMT shares. JPMorgan Chase & Co. boosted their price objective on Walmart to $108.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group boosted their price objective on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Stephens set a $115.00 price objective on Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Finally, Deutsche Bank raised Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $113.00 in a report on Tuesday. Eighteen research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $102.25.

In related news, major shareholder Alice L. Walton sold 286,762 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $96.17, for a total value of $27,577,901.54. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $649,010,938.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 881,158 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $97.60, for a total value of $86,001,020.80. Following the completion of the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at $326,691,990.40. The disclosure for this sale can be found here. Insiders sold a total of 10,199,130 shares of company stock valued at $976,228,654 over the last quarter. 51.11% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of WMT. CSat Investment Advisory L.P. acquired a new position in Walmart during the 2nd quarter worth approximately $111,000. Stelac Advisory Services LLC acquired a new position in Walmart during the 1st quarter worth approximately $126,000. ELM Advisors LLC acquired a new position in Walmart during the 3rd quarter worth approximately $152,000. Amussen Hunsaker Associates LLC acquired a new position in Walmart during the 2nd quarter worth approximately $152,000. Finally, Moody Aldrich Partners LLC acquired a new position in Walmart during the 2nd quarter worth approximately $161,279,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

NYSE:WMT traded down $1.32 on Friday, hitting $95.76. 9,144,100 shares of the stock were exchanged, compared to its average volume of 9,390,344. The stock has a market capitalization of $278.20 billion, a P/E ratio of 22.05, a P/E/G ratio of 3.30 and a beta of 0.52. Walmart has a 52 week low of $81.78 and a 52 week high of $109.98. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.

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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Earnings History and Estimates for Walmart (NYSE:WMT)

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