Wall Street brokerages expect Walmart Inc (NYSE:WMT) to announce sales of $139.78 billion for the current quarter, according to Zacks. Six analysts have made estimates for Walmart’s earnings. The highest sales estimate is $141.08 billion and the lowest is $138.57 billion. Walmart posted sales of $136.27 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The firm is expected to issue its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that Walmart will report full year sales of $514.98 billion for the current financial year, with estimates ranging from $512.10 billion to $518.07 billion. For the next year, analysts expect that the business will report sales of $530.29 billion, with estimates ranging from $526.44 billion to $534.79 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Walmart.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $124.89 billion during the quarter, compared to analyst estimates of $124.86 billion.

WMT has been the subject of a number of research analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Walmart in a research note on Wednesday, October 17th. JPMorgan Chase & Co. raised their price target on Walmart to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Credit Suisse Group set a $103.00 price target on Walmart and gave the stock a “hold” rating in a research note on Thursday. MKM Partners dropped their price target on Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Finally, UBS Group raised their price target on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $104.13.

In other news, major shareholder Jim C. Walton sold 2,009,792 shares of Walmart stock in a transaction dated 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 of the company’s stock, valued at approximately $999,030,107.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 286,762 shares of Walmart stock in a transaction dated 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 of the company’s stock, valued at approximately $649,010,938.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,604,734 shares of company stock valued at $917,811,416. 51.11% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WMT. CSat Investment Advisory L.P. bought a new stake in Walmart in the 2nd quarter worth about $111,000. Amussen Hunsaker Associates LLC bought a new stake in Walmart in the 2nd quarter worth about $152,000. ELM Advisors LLC bought a new stake in Walmart in the 3rd quarter worth about $152,000. Berman Capital Advisors LLC bought a new stake in Walmart in the 3rd quarter worth about $158,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Walmart in the 3rd quarter worth about $162,000. 29.37% of the stock is owned by hedge funds and other institutional investors.

Shares of WMT stock opened at $97.69 on Friday. Walmart has a 52 week low of $81.78 and a 52 week high of $109.98. The firm has a market capitalization of $304.95 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 4.24 and a beta of 0.35. The company has a quick ratio of 0.34, a current ratio of 0.93 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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