Zacks: Brokerages Anticipate Walmart Inc. (NYSE:WMT) Will Post Earnings of $1.38 Per Share

Equities research analysts forecast that Walmart Inc. (NYSE:WMT) will announce earnings of $1.38 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Walmart’s earnings. The highest EPS estimate is $1.42 and the lowest is $1.35. Walmart reported earnings of $1.34 per share during the same quarter last year, which suggests a positive year over year growth rate of 3%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 16th.

On average, analysts expect that Walmart will report full year earnings of $6.33 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.71. For the next financial year, analysts anticipate that the firm will report earnings of $6.64 per share, with EPS estimates ranging from $6.40 to $6.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Walmart.

Walmart (NYSE:WMT) last released its quarterly earnings data on Monday, August 16th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.21. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The firm had revenue of $141 billion during the quarter, compared to analyst estimates of $136.07 billion. During the same period in the prior year, the company posted $1.56 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.

A number of equities research analysts recently commented on the company. Barclays increased their price target on Walmart from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, August 18th. Stephens upped their target price on shares of Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 13th. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating and set a $158.00 price objective for the company. in a report on Wednesday, August 18th. Finally, Royal Bank of Canada raised their target price on Walmart from $163.00 to $173.00 and gave the stock an “outperform” rating in a report on Monday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $167.59.

Shares of Walmart stock traded down $0.05 during mid-day trading on Friday, reaching $144.25. 141,008 shares of the stock were exchanged, compared to its average volume of 8,242,497. The company has a market cap of $402.24 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 4.21 and a beta of 0.47. The firm has a 50-day simple moving average of $145.38 and a 200 day simple moving average of $140.40. The company has a current ratio of 0.96, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50. Walmart has a fifty-two week low of $126.28 and a fifty-two week high of $153.66.

In related news, major shareholder Alice L. Walton sold 6,906,863 shares of the company’s stock in a transaction dated Tuesday, June 29th. The shares were sold at an average price of $137.40, for a total transaction of $949,002,976.20. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $927,254,892. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 1,362,151 shares of the company’s stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of $135.30, for a total transaction of $184,299,030.30. Following the sale, the director now directly owns 3,217,347 shares of the company’s stock, valued at approximately $435,307,049.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,035,211 shares of company stock worth $2,963,644,200. 48.44% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Walmart by 552.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,467,726 shares of the retailer’s stock worth $742,681,000 after acquiring an additional 4,629,480 shares during the last quarter. Altshuler Shaham Ltd increased its stake in Walmart by 136.6% in the first quarter. Altshuler Shaham Ltd now owns 4,096,897 shares of the retailer’s stock valued at $527,969,000 after purchasing an additional 2,364,971 shares in the last quarter. BlackRock Inc. raised its stake in Walmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 90,061,853 shares of the retailer’s stock worth $12,700,522,000 after buying an additional 2,205,438 shares during the period. Franklin Resources Inc. raised its position in shares of Walmart by 38.0% during the second quarter. Franklin Resources Inc. now owns 7,585,684 shares of the retailer’s stock worth $1,069,734,000 after purchasing an additional 2,087,795 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Walmart by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,236,108 shares of the retailer’s stock valued at $1,118,711,000 after purchasing an additional 2,046,720 shares in the last quarter. 30.22% of the stock is currently owned by institutional investors.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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