Wal-Mart Stores, Inc. (WMT) Releases FY19 Earnings Guidance

Wal-Mart Stores, Inc. (NYSE:WMT) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.52-4.62 for the period, compared to the Thomson Reuters consensus estimate of $4.62. The company issued revenue guidance of up 3% or more, compared to the consensus revenue estimate of $504.54 billion.Wal-Mart Stores also updated its FY18 guidance to $4.30-4.40 EPS.

Shares of Wal-Mart Stores, Inc. (WMT) opened at 84.13 on Wednesday. The firm has a 50-day moving average of $79.46 and a 200-day moving average of $77.32. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $84.88. The company has a market capitalization of $251.31 billion, a P/E ratio of 20.21 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to the consensus estimate 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 revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. Analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.

A number of equities research analysts have recently commented on the stock. KeyCorp reiterated a buy rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Vetr cut shares of Wal-Mart Stores from a strong-buy rating to a buy rating and set a $80.69 target price for the company. in a research report on Monday, June 19th. BidaskClub cut shares of Wal-Mart Stores from a strong-buy rating to a buy rating in a research report on Tuesday, June 20th. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the company a buy rating in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co reiterated a neutral rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of Hold and a consensus target price of $81.98.

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

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Institutional investors and hedge funds have recently made changes to their positions in the business. Miles Capital Inc. increased its position in shares of Wal-Mart Stores by 3.1% during the second quarter. Miles Capital Inc. now owns 3,557 shares of the retailer’s stock valued at $269,000 after acquiring an additional 106 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of Wal-Mart Stores by 24.3% during the second quarter. San Francisco Sentry Investment Group CA now owns 3,564 shares of the retailer’s stock valued at $269,000 after acquiring an additional 696 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Wal-Mart Stores by 6.4% during the second quarter. Quadrant Capital Group LLC now owns 3,892 shares of the retailer’s stock valued at $252,000 after acquiring an additional 235 shares during the last quarter. Gyroscope Capital Management Group LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter valued at about $297,000. Finally, Krilogy Financial LLC increased its position in shares of Wal-Mart Stores by 5.1% during the second quarter. Krilogy Financial LLC now owns 5,186 shares of the retailer’s stock valued at $393,000 after acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

About Wal-Mart Stores

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.

Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

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