Wal-Mart Stores Inc. (NYSE:WMT) will be posting its Q317 quarterly earnings results before the market opens on Thursday, November 17th. Analysts expect Wal-Mart Stores to post earnings of $0.96 per share and revenue of $118.61 billion for the quarter. Wal-Mart Stores has set its Q3 guidance at $0.90-1.00 EPS.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping the Thomson Reuters’ 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 revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. On average, analysts expect Wal-Mart Stores to post $4.34 EPS for the current fiscal year and $4.36 EPS for the next fiscal year.

Earnings History for Wal-Mart Stores (NYSE:WMT)

Wal-Mart Stores Inc. (NYSE:WMT) opened at 70.49 on Tuesday. The company’s 50 day moving average price is $69.88 and its 200 day moving average price is $71.04. The company has a market cap of $218.04 billion, a P/E ratio of 15.18 and a beta of 0.10. Wal-Mart Stores Inc. has a 52-week low of $56.36 and a 52-week high of $75.19.

In related news, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $73.02, for a total value of $255,745,101.96. Following the completion of the sale, the insider now directly owns 10,507,127 shares of the company’s stock, valued at approximately $767,230,413.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 3,142,846 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total value 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 disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Banced Corp purchased a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $533,000. SNS Financial Group LLC raised its stake in shares of Wal-Mart Stores by 3.0% in the second quarter. SNS Financial Group LLC now owns 4,355 shares of the retailer’s stock worth $318,000 after buying an additional 125 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Segall Bryant & Hamill LLC now owns 35,691 shares of the retailer’s stock worth $2,606,000 after buying an additional 205 shares during the last quarter. IPG Investment Advisors LLC raised its stake in shares of Wal-Mart Stores by 28.9% in the second quarter. IPG Investment Advisors LLC now owns 4,895 shares of the retailer’s stock worth $357,000 after buying an additional 1,097 shares during the last quarter. Finally, Burney Co. raised its stake in shares of Wal-Mart Stores by 25.2% in the second quarter. Burney Co. now owns 67,597 shares of the retailer’s stock worth $4,936,000 after buying an additional 13,620 shares during the last quarter. 29.96% of the stock is owned by institutional investors and hedge funds.

WMT has been the topic of several research analyst reports. Macquarie set a $61.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Tuesday, October 4th. Guggenheim initiated coverage on Wal-Mart Stores in a research note on Friday, September 30th. They issued a “buy” rating and a $82.00 price objective on the stock. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Barclays PLC restated an “overweight” rating and issued a $82.00 price objective on shares of Wal-Mart Stores in a research note on Sunday. Finally, Buckingham Research set a $70.00 price objective on Wal-Mart Stores and gave the company a “hold” rating in a research note on Wednesday, September 28th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.04.

About Wal-Mart Stores

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.

5 Day Chart for NYSE:WMT

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