Walmart (NYSE:WMT) Issues Q3 2022 Earnings Guidance

Walmart (NYSE:WMT) issued an update on its third quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.300-$1.400 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.310. The company issued revenue guidance of -.Walmart also updated its FY 2022 guidance to $6.200-$6.350 EPS.

Several equities analysts have recently issued reports on the company. DA Davidson restated a buy rating on shares of Walmart in a research report on Wednesday, August 18th. Wells Fargo & Company upgraded Walmart from an equal weight rating to an overweight rating and lifted their price objective for the company from $150.00 to $165.00 in a report on Thursday, August 5th. UBS Group lifted their price target on Walmart from $170.00 to $180.00 and gave the company a buy rating in a research note on Wednesday, August 18th. The Goldman Sachs Group reiterated a buy rating and issued a $170.00 price objective on shares of Walmart in a report on Tuesday, May 18th. Finally, Zacks Investment Research lowered Walmart from a buy rating to a hold rating and set a $158.00 target price on the stock. in a report on Wednesday, August 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of Buy and a consensus price target of $167.59.

Shares of Walmart stock opened at $144.30 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Walmart has a 52 week low of $126.28 and a 52 week high of $153.66. The company has a market cap of $402.38 billion, a PE ratio of 40.65, a P/E/G ratio of 4.21 and a beta of 0.47. The business has a 50 day moving average of $145.38 and a 200 day moving average of $140.40.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.21. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The company had revenue of $141 billion during the quarter, compared to analyst estimates of $136.07 billion. During the same period last year, the business earned $1.56 EPS. Walmart’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Walmart will post 6.3 earnings per share for the current year.

In other Walmart news, Director S Robson Walton sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 9th. The shares were sold at an average price of $146.46, for a total transaction of $146,460,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,005,832 shares of the business’s stock in a transaction on Tuesday, June 22nd. The shares were sold at an average price of $137.17, for a total transaction of $137,969,975.44. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $925,702,718.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,035,211 shares of company stock valued at $2,963,644,200. 48.44% of the stock is owned by insiders.

An institutional investor recently raised its position in Walmart stock. Morgan Stanley boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,109,245 shares of the retailer’s stock after buying an additional 225,224 shares during the period. Morgan Stanley owned 0.50% of Walmart worth $1,989,686,000 as of its most recent SEC filing. Institutional investors and hedge funds own 30.22% of the company’s stock.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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