Walmart Inc. (NYSE:WMT) Forecasted to Post FY2024 Earnings of $6.48 Per Share

Walmart Inc. (NYSE:WMT) – Telsey Advisory Group raised their FY2024 earnings estimates for shares of Walmart in a research report issued to clients and investors on Thursday, November 16th. Telsey Advisory Group analyst J. Feldman now expects that the retailer will post earnings of $6.48 per share for the year, up from their previous forecast of $6.46. Telsey Advisory Group has a “Outperform” rating and a $185.00 price objective on the stock. The consensus estimate for Walmart’s current full-year earnings is $6.44 per share. Telsey Advisory Group also issued estimates for Walmart’s Q4 2024 earnings at $1.64 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $7.13 EPS.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. The firm had revenue of $160.80 billion during the quarter, compared to analysts’ expectations of $159.65 billion. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS.

A number of other equities analysts have also recently weighed in on WMT. Stephens increased their price objective on shares of Walmart from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. TD Cowen reiterated an “outperform” rating and set a $185.00 target price on shares of Walmart in a report on Tuesday, September 5th. UBS Group increased their target price on shares of Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Raymond James increased their target price on shares of Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Finally, KeyCorp increased their target price on shares of Walmart from $175.00 to $177.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $179.00.

Walmart Stock Performance

NYSE:WMT opened at $155.35 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.85. The stock has a market capitalization of $418.13 billion, a P/E ratio of 25.76, a PEG ratio of 3.23 and a beta of 0.53. The company has a 50 day moving average price of $162.21 and a 200 day moving average price of $157.87. Walmart has a fifty-two week low of $136.09 and a fifty-two week high of $169.94.

Institutional Trading of Walmart

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kozak & Associates Inc. boosted its holdings in shares of Walmart by 1,490.0% in the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart in the third quarter valued at about $25,000. Sageworth Trust Co lifted its stake in shares of Walmart by 2,414.3% in the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after purchasing an additional 169 shares during the period. PFG Private Wealth Management LLC acquired a new stake in shares of Walmart in the second quarter valued at about $28,000. Finally, Knott David M Jr acquired a new stake in shares of Walmart in the first quarter valued at about $33,000. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the transaction, the chief executive officer now directly owns 1,461,509 shares of the company’s stock, valued at approximately $237,349,061.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the transaction, the chief executive officer now directly owns 1,461,509 shares of the company’s stock, valued at approximately $237,349,061.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $159.50, for a total transaction of $159,500.00. Following the transaction, the executive vice president now directly owns 168,735 shares in the company, valued at $26,913,232.50. The disclosure for this sale can be found here. Insiders have sold 31,166 shares of company stock worth $5,066,701 in the last ninety days. 46.51% of the stock is owned by corporate insiders.

About Walmart

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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.