$128.99 Billion in Sales Expected for Walmart Inc (NYSE:WMT) This Quarter

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Wall Street analysts forecast that Walmart Inc (NYSE:WMT) will report sales of $128.99 billion for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Walmart’s earnings, with estimates ranging from $126.84 billion to $131.08 billion. Walmart reported sales of $124.89 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The company is expected to issue its next earnings results on Thursday, November 21st.

According to Zacks, analysts expect that Walmart will report full year sales of $526.64 billion for the current fiscal year, with estimates ranging from $522.52 billion to $529.20 billion. For the next year, analysts expect that the business will report sales of $541.82 billion, with estimates ranging from $531.97 billion to $549.30 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Walmart.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. During the same period last year, the company posted $1.29 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year.

WMT has been the topic of several recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a $135.00 price target (up from $120.00) on shares of Walmart in a research report on Friday, August 16th. Credit Suisse Group set a $105.00 price objective on Walmart and gave the stock a “hold” rating in a report on Thursday, August 15th. Guggenheim reissued a “buy” rating and set a $125.00 price objective on shares of Walmart in a report on Thursday, August 15th. JPMorgan Chase & Co. set a $115.00 price target on Walmart and gave the company a “hold” rating in a research note on Friday, August 16th. Finally, Raymond James lifted their price objective on Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $114.99.

In related news, insider Gregory S. Foran sold 19,487 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $105.00, for a total transaction of $2,046,135.00. Following the sale, the insider now owns 343,374 shares of the company’s stock, valued at $36,054,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the sale, the insider now directly owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,783,026 shares of company stock worth $187,848,418. 50.22% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC boosted its holdings in shares of Walmart by 4,405.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock valued at $1,143,946,000 after purchasing an additional 10,123,600 shares in the last quarter. FMR LLC boosted its holdings in shares of Walmart by 14.6% during the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after acquiring an additional 3,058,978 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Walmart by 184.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock valued at $514,185,000 after acquiring an additional 3,015,931 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Walmart by 11,482.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after acquiring an additional 2,423,276 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares in the last quarter. 29.99% of the stock is currently owned by institutional investors and hedge funds.

NYSE WMT traded up $0.43 during trading on Tuesday, hitting $112.42. The company’s stock had a trading volume of 5,716,721 shares, compared to its average volume of 7,141,619. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $111.49 and a 200 day moving average price of $104.44. The firm has a market cap of $316.39 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 4.78 and a beta of 0.41. Walmart has a 52 week low of $85.78 and a 52 week high of $115.49.

Walmart Company Profile

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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