Walmart (NYSE:WMT) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Walmart (NYSE:WMTGet Free Report) announced its earnings results on Thursday. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08, RTT News reports. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share.

Walmart Stock Up 1.0 %

WMT opened at $64.65 on Friday. The stock has a market capitalization of $520.95 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 4.21 and a beta of 0.49. The firm has a 50 day moving average price of $60.34 and a 200-day moving average price of $56.50. Walmart has a twelve month low of $48.34 and a twelve month high of $64.88. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s payout ratio is presently 35.52%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. Tigress Financial boosted their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. upped their target price on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a report on Monday, February 19th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Oppenheimer reduced their price target on Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, Bank of America raised their price objective on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.59.

Check Out Our Latest Stock Analysis on Walmart

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the sale, the chief executive officer now owns 4,076,892 shares in the company, valued at $236,187,943.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the sale, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 5,816,175 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the transaction, the director now directly owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,019,140 shares of company stock worth $1,696,045,631. 46.51% of the stock is owned by insiders.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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Earnings History for Walmart (NYSE:WMT)

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