Brokerages Expect Walmart Inc (WMT) Will Announce Earnings of $1.22 Per Share

Wall Street brokerages expect Walmart Inc (NYSE:WMT) to post earnings of $1.22 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Walmart’s earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.19. Walmart posted earnings per share of $1.08 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The company is expected to report its next earnings results on Thursday, August 16th.

On average, analysts expect that Walmart will report full-year earnings of $4.86 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $5.10. For the next year, analysts forecast that the business will post earnings of $5.12 per share, with EPS estimates ranging from $4.55 to $5.56. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Walmart.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 17th. The retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $122.69 billion for the quarter, compared to the consensus estimate of $119.29 billion. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS.

A number of research analysts have recently issued reports on WMT shares. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. JPMorgan Chase reaffirmed a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Barclays lifted their price objective on shares of Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.28 price objective on the stock in a research report on Thursday, February 1st. Finally, ValuEngine upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Nineteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and a consensus price target of $96.56.

NYSE WMT traded down $0.85 during trading on Friday, reaching $83.64. 12,038,690 shares of the company’s stock traded hands, compared to its average volume of 10,779,560. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.73. The company has a market capitalization of $250.29 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. Walmart has a 12-month low of $73.13 and a 12-month high of $109.98.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a dividend yield of 2.49%. Walmart’s payout ratio is 47.06%.

Several hedge funds have recently made changes to their positions in WMT. Levin Capital Strategies L.P. acquired a new position in Walmart in the first quarter valued at about $233,000. Moors & Cabot Inc. lifted its position in Walmart by 46.1% in the first quarter. Moors & Cabot Inc. now owns 44,439 shares of the retailer’s stock valued at $3,954,000 after buying an additional 14,028 shares during the last quarter. M Holdings Securities Inc. lifted its position in Walmart by 12.8% in the first quarter. M Holdings Securities Inc. now owns 23,036 shares of the retailer’s stock valued at $2,050,000 after buying an additional 2,613 shares during the last quarter. Gables Capital Management Inc. acquired a new position in Walmart in the first quarter valued at about $1,119,000. Finally, Arbor Wealth Management LLC lifted its position in shares of Walmart by 57.0% during the first quarter. Arbor Wealth Management LLC now owns 67,669 shares of the retailer’s stock worth $5,710,000 after purchasing an additional 24,566 shares in the last quarter. 30.00% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

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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Earnings History and Estimates for Walmart (NYSE:WMT)

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