Walmart (WMT) Set to Announce Earnings on Tuesday

Walmart (NYSE:WMTGet Rating) is set to post its quarterly earnings results before the market opens on Tuesday, May 17th. Analysts expect Walmart to post earnings of $1.47 per share for the quarter. Walmart has set its FY 2023 guidance at EPS.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings results on Thursday, February 17th. The retailer reported $1.53 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $152.90 billion during the quarter, compared to analysts’ expectations of $150.20 billion. During the same period in the prior year, the company posted $1.39 EPS. The company’s revenue was up .5% on a year-over-year basis. On average, analysts expect Walmart to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of NYSE WMT opened at $151.31 on Tuesday. 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 52-week low of $132.01 and a 52-week high of $160.77. The firm has a 50 day moving average price of $149.64 and a two-hundred day moving average price of $144.66. The stock has a market cap of $416.52 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 4.02 and a beta of 0.49.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, December 8th. Walmart’s dividend payout ratio (DPR) is presently 45.90%.

Several equities research analysts have recently weighed in on WMT shares. Royal Bank of Canada started coverage on shares of Walmart in a research report on Thursday, January 27th. They set an “outperform” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. set a $157.00 target price on shares of Walmart in a research note on Thursday, February 17th. StockNews.com began coverage on shares of Walmart in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Exane BNP Paribas raised shares of Walmart from an “underperform” rating to a “neutral” rating in a research note on Friday, February 11th. Finally, BNP Paribas raised shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 price objective on the stock in a research note on Friday, February 11th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $167.25.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $134.78, for a total value of $1,308,444.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Judith J. Mckenna sold 15,000 shares of the company’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $142.66, for a total transaction of $2,139,900.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,426,790 shares of company stock worth $195,406,267. Insiders own 48.44% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WMT. Keudell Morrison Wealth Management increased its holdings in Walmart by 4.1% in the 3rd quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the retailer’s stock worth $641,000 after acquiring an additional 183 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Walmart during the 4th quarter valued at approximately $378,000. Center for Financial Planning Inc. grew its holdings in Walmart by 5.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,190 shares of the retailer’s stock valued at $305,000 after buying an additional 118 shares in the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in Walmart during the 4th quarter valued at approximately $211,000. Finally, Morgan Stanley boosted its position in shares of Walmart by 1.6% during the 2nd quarter. Morgan Stanley now owns 14,109,245 shares of the retailer’s stock valued at $1,989,686,000 after acquiring an additional 225,224 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Earnings History for Walmart (NYSE:WMT)

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