Wal-Mart Stores, Inc. (WMT) Set to Announce Quarterly Earnings on Thursday
Wal-Mart Stores, Inc. (NYSE:WMT) is scheduled to be announcing its earnings results before the market opens on Thursday, August 17th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Wal-Mart Stores has set its Q2 guidance at $1.00-1.08 EPS.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. On average, analysts expect Wal-Mart Stores to post $4.36 EPS for the current fiscal year and $4.60 EPS for the next fiscal year.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 80.77 on Wednesday. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The company has a market capitalization of $243.48 billion, a PE ratio of 18.34 and a beta of 0.29. The firm has a 50-day moving average price of $77.76 and a 200-day moving average price of $74.46.
Several equities analysts have recently issued reports on WMT shares. KeyCorp reaffirmed an “overweight” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Tuesday, April 25th. MKM Partners reiterated a “neutral” rating and issued a $77.00 price objective (up previously from $72.00) on shares of Wal-Mart Stores in a report on Wednesday, April 26th. Pacific Crest downgraded Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Finally, Royal Bank Of Canada restated a “sell” rating and issued a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.83.
In other news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,618,300 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $268,332,370.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. L & S Advisors Inc bought a new stake in shares of Wal-Mart Stores during the second quarter valued at approximately $3,492,000. Zurich Insurance Group Ltd FI increased its stake in Wal-Mart Stores by 1.0% in the second quarter. Zurich Insurance Group Ltd FI now owns 216,292 shares of the retailer’s stock worth $16,369,000 after buying an additional 2,111 shares during the period. Salem Investment Counselors Inc. increased its stake in Wal-Mart Stores by 6.7% in the second quarter. Salem Investment Counselors Inc. now owns 181,360 shares of the retailer’s stock worth $13,725,000 after buying an additional 11,368 shares during the period. Miles Capital Inc. increased its stake in Wal-Mart Stores by 3.1% in the second quarter. Miles Capital Inc. now owns 3,557 shares of the retailer’s stock worth $269,000 after buying an additional 106 shares during the period. Finally, Guardian Capital LP increased its stake in Wal-Mart Stores by 28.1% in the second quarter. Guardian Capital LP now owns 19,387 shares of the retailer’s stock worth $1,467,000 after buying an additional 4,249 shares during the period. Institutional investors own 30.00% of the company’s stock.
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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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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