Brokerages expect Walmart Inc (NYSE:WMT) to announce $1.02 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Walmart’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.97. Walmart posted earnings of $1.00 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The business is scheduled to issue its next earnings results before the market opens on Thursday, November 15th.

According to Zacks, analysts expect that Walmart will report full-year earnings of $4.79 per share for the current fiscal year, with EPS estimates ranging from $4.64 to $5.02. For the next fiscal year, analysts forecast that the company will report earnings of $4.66 per share, with EPS estimates ranging from $4.50 to $4.84. Zacks Investment Research’s earnings per share 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 for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion during the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS.

WMT has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Walmart in a research report on Friday, August 17th. Raymond James lowered Walmart from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $100.00 to $107.00 in a research report on Friday, August 17th. Jefferies Financial Group reissued a “buy” rating and set a $112.00 price target on shares of Walmart in a report on Monday, August 20th. Zacks Investment Research lowered Walmart from a “hold” rating to a “sell” rating in a report on Monday, August 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target on shares of Walmart in a report on Tuesday, August 7th. Eighteen research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Walmart has an average rating of “Buy” and an average target price of $103.16.

Shares of Walmart stock traded down $0.24 on Friday, hitting $98.94. 14,924,731 shares of the company’s stock traded hands, compared to its average volume of 8,501,676. Walmart has a 52-week low of $81.78 and a 52-week high of $109.98. The stock has a market cap of $293.10 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 4.09 and a beta of 0.52. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.

In related news, major shareholder Jim C. Walton sold 2,009,792 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.63, for a total value of $190,186,616.96. Following the completion of the transaction, the insider now owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gruss & Co. Inc. bought a new position in Walmart in the 1st quarter worth approximately $1,335,000. Ancora Advisors LLC boosted its stake in Walmart by 38.5% in the first quarter. Ancora Advisors LLC now owns 8,561 shares of the retailer’s stock worth $762,000 after purchasing an additional 2,381 shares in the last quarter. Gratia Capital LLC acquired a new position in Walmart in the first quarter worth $409,000. ETF Managers Group LLC acquired a new position in Walmart in the first quarter worth $1,631,000. Finally, Arete Wealth Advisors LLC boosted its stake in Walmart by 29.2% in the first quarter. Arete Wealth Advisors LLC now owns 2,673 shares of the retailer’s stock worth $238,000 after purchasing an additional 604 shares in the last quarter. Hedge funds and other institutional investors own 29.40% of the company’s stock.

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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