FY2018 EPS Estimates for Wal-Mart Stores Inc. Decreased by Analyst (WMT)
Wal-Mart Stores Inc. (NYSE:WMT) – Equities research analysts at Northcoast Research cut their FY2018 earnings estimates for Wal-Mart Stores in a note issued to investors on Friday. Northcoast Research analyst C. Cerankosky now anticipates that the firm will post earnings per share of $4.43 for the year, down from their previous forecast of $4.54. Northcoast Research has a “Neutral” rating on the stock.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The business earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. Wal-Mart Stores’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share.
Several other research analysts also recently commented on the stock. KeyCorp initiated coverage on shares of Wal-Mart Stores in a report on Thursday, September 29th. They issued an “overweight” rating and a $90.00 price target for the company. Credit Suisse Group AG initiated coverage on shares of Wal-Mart Stores in a report on Friday, September 16th. They issued an “outperform” rating and a $80.00 price target for the company. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Guggenheim initiated coverage on shares of Wal-Mart Stores in a report on Friday, September 30th. They issued a “buy” rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. set a $72.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus price target of $75.46.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 68.70 on Monday. The company has a 50-day moving average price of $71.77 and a 200-day moving average price of $70.95. Wal-Mart Stores has a 12-month low of $56.30 and a 12-month high of $75.19. The firm has a market capitalization of $212.51 billion, a P/E ratio of 14.79 and a beta of 0.20.
A number of hedge funds have recently made changes to their positions in WMT. Vigilant Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $100,000. Americafirst Capital Management LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $106,000. Seven Eight Capital LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $111,000. Finally, Piershale Financial Group Inc. boosted its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares in the last quarter. 29.55% of the stock is owned by institutional investors and hedge funds.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $488,664,677.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the sale, the insider now directly owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
Wal-Mart Stores Company Profile
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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