Analysts Anticipate Walmart Inc. (NYSE:WMT) Will Post Quarterly Sales of $138.12 Billion

Equities analysts expect that Walmart Inc. (NYSE:WMTGet Rating) will report sales of $138.12 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Walmart’s earnings, with the lowest sales estimate coming in at $134.57 billion and the highest estimate coming in at $139.68 billion. Walmart reported sales of $138.31 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.1%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Walmart will report full-year sales of $589.42 billion for the current fiscal year, with estimates ranging from $584.73 billion to $595.69 billion. For the next fiscal year, analysts anticipate that the business will post sales of $610.53 billion, with estimates ranging from $605.51 billion to $620.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Walmart.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The retailer reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.03. Walmart had a net margin of 2.39% and a return on equity of 20.42%. The business had revenue of $152.90 billion during the quarter, compared to analysts’ expectations of $150.20 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Walmart’s revenue for the quarter was up .5% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. BNP Paribas raised Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 target price for the company in a report on Friday, February 11th. JPMorgan Chase & Co. set a $157.00 target price on Walmart in a research report on Thursday, February 17th. DA Davidson boosted their price target on Walmart from $168.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, April 8th. StockNews.com began coverage on Walmart in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Jefferies Financial Group set a $175.00 price target on Walmart in a research note on Thursday, March 17th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $167.25.

In related news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, January 27th. The stock was sold at an average price of $137.07, for a total value of $1,330,675.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judith J. Mckenna sold 15,000 shares of Walmart stock in a transaction on Friday, March 11th. The stock was sold at an average price of $142.66, for a total value of $2,139,900.00. The disclosure for this sale can be found here. Insiders have sold 1,426,790 shares of company stock valued at $195,237,930 in the last quarter. 48.44% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. KWB Wealth lifted its position in shares of Walmart by 1.9% in the third quarter. KWB Wealth now owns 3,722 shares of the retailer’s stock worth $519,000 after buying an additional 68 shares in the last quarter. Matisse Capital grew its stake in shares of Walmart by 2.1% during the third quarter. Matisse Capital now owns 3,389 shares of the retailer’s stock valued at $472,000 after buying an additional 69 shares during the last quarter. RB Capital Management LLC grew its stake in Walmart by 0.8% in the first quarter. RB Capital Management LLC now owns 8,655 shares of the retailer’s stock worth $1,289,000 after purchasing an additional 69 shares in the last quarter. Garrison Point Advisors LLC grew its stake in Walmart by 2.6% in the third quarter. Garrison Point Advisors LLC now owns 2,813 shares of the retailer’s stock worth $392,000 after purchasing an additional 70 shares in the last quarter. Finally, Navalign LLC lifted its holdings in Walmart by 0.7% during the third quarter. Navalign LLC now owns 10,686 shares of the retailer’s stock worth $1,489,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 30.79% of the company’s stock.

WMT opened at $155.88 on Tuesday. The firm’s 50-day simple moving average is $143.98 and its 200-day simple moving average is $143.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.28 and a current ratio of 0.93. Walmart has a twelve month low of $132.01 and a twelve month high of $158.41. The firm has a market cap of $432.39 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 4.22 and a beta of 0.54.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, December 8th. Walmart’s payout ratio is 45.90%.

Walmart Company Profile (Get Rating)

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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