Brokerages predict that Wal-Mart Stores, Inc. (NYSE:WMT) will post $121.04 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Wal-Mart Stores’ earnings. The lowest sales estimate is $118.86 billion and the highest is $122.25 billion. Wal-Mart Stores posted sales of $118.18 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 16th.

On average, analysts expect that Wal-Mart Stores will report full-year sales of $121.04 billion for the current year, with estimates ranging from $490.98 billion to $499.24 billion. For the next year, analysts anticipate that the company will report sales of $509.09 billion per share, with estimates ranging from $499.46 billion to $512.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Wal-Mart Stores.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share.

A number of equities analysts recently commented on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Wal-Mart Stores and gave the stock a “sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Wal-Mart Stores in a research report on Tuesday, June 27th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and an average price target of $81.58.

Shares of Wal-Mart Stores (WMT) traded down 0.52% on Thursday, reaching $79.00. 6,246,655 shares of the company’s stock were exchanged. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99. The firm’s 50 day moving average price is $79.30 and its 200-day moving average price is $77.04. The company has a market capitalization of $235.99 billion, a P/E ratio of 18.98 and a beta of 0.29.

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In other news, Director S Robson Walton sold 2,117,863 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $78.45, for a total value of $166,146,352.35. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at $262,411,798.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in WMT. Waldron LP acquired a new stake in shares of Wal-Mart Stores in the first quarter valued at $313,000. Chickasaw Capital Management LLC increased its stake in shares of Wal-Mart Stores by 13.0% in the first quarter. Chickasaw Capital Management LLC now owns 47,622 shares of the retailer’s stock valued at $3,433,000 after buying an additional 5,465 shares in the last quarter. Alexandria Capital LLC increased its stake in shares of Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after buying an additional 22 shares in the last quarter. Mycio Wealth Partners LLC acquired a new stake in shares of Wal-Mart Stores in the first quarter valued at $266,000. Finally, Dubuque Bank & Trust Co. increased its stake in shares of Wal-Mart Stores by 8.6% in the first quarter. Dubuque Bank & Trust Co. now owns 168,970 shares of the retailer’s stock valued at $12,179,000 after buying an additional 13,316 shares in the last quarter. Institutional investors own 30.19% 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 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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Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

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