Walmart (WMT) to Release Quarterly Earnings on Thursday

Walmart (NYSE:WMT) will be releasing its earnings data before the market opens on Thursday, August 15th. Analysts expect Walmart to post earnings of $0.65 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. On average, analysts expect Walmart to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Walmart Stock Down 0.8 %

WMT opened at $68.13 on Wednesday. The business has a 50 day simple moving average of $68.55 and a 200-day simple moving average of $63.08. Walmart has a 12 month low of $49.85 and a 12 month high of $71.33. The stock has a market capitalization of $548.01 billion, a P/E ratio of 29.12, a P/E/G ratio of 3.91 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WMT shares. Citigroup increased their target price on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Roth Mkm raised their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Raymond James boosted their target price on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Tigress Financial upped their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Barclays lifted their price target on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.56.

Insider Buying and Selling at Walmart

In related news, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the sale, the director now directly owns 648,504,011 shares of the company’s stock, valued at approximately $41,860,933,910.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the sale, the director now owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 14,540,863 shares of company stock valued at $954,455,147 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.