Walmart (WMT) Updates FY 2019 Earnings Guidance
Walmart (NYSE:WMT) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $4.75-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.79. Walmart also updated its FY19 guidance to $4.75-4.85 EPS.
Several research firms have commented on WMT. Morningstar set a $96.00 target price on shares of Walmart and gave the stock a sell rating in a research note on Thursday, November 8th. Credit Suisse Group set a $103.00 target price on shares of Walmart and gave the stock a neutral rating in a research note on Thursday. Cowen boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company an outperform rating in a research note on Monday, October 29th. Guggenheim reissued a buy rating and set a $110.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Finally, Wells Fargo & Co reissued a neutral rating and set a $95.00 price objective on shares of Walmart in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $103.57.
NYSE:WMT opened at $99.54 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The firm has a market cap of $304.95 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 4.24 and a beta of 0.35. Walmart has a twelve month low of $81.78 and a twelve month high of $109.98.
In related news, Director S Robson Walton sold 881,158 shares of Walmart stock in a transaction on Monday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the transaction, the director now owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 1,575 shares of Walmart stock in a transaction on Friday, August 31st. The shares were sold at an average price of $95.48, for a total transaction of $150,381.00. Following the transaction, the insider now owns 57,276 shares in the company, valued at approximately $5,468,712.48. The disclosure for this sale can be found here. Insiders have sold a total of 9,604,734 shares of company stock worth $917,811,416 in the last 90 days. Company insiders own 51.11% of the company’s stock.
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Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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