Walmart (WMT) Set to Announce Quarterly Earnings on Tuesday

Walmart (NYSE:WMTGet Free Report) will release its earnings data before the market opens on Tuesday, February 20th. Analysts expect Walmart to post earnings of $1.63 per share for the quarter. Walmart has set its FY 2024 guidance at $6.40-$6.48 EPS and its FY24 guidance at 6.40-6.48 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The company had revenue of $160.80 billion during the quarter, compared to analyst estimates of $159.65 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Walmart to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Walmart Price Performance

Walmart stock opened at $170.30 on Tuesday. Walmart has a 52-week low of $136.09 and a 52-week high of $170.66. The firm has a market capitalization of $458.49 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.31 and a beta of 0.49. The company has a fifty day simple moving average of $160.04 and a 200-day simple moving average of $160.41. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.49.

Shares of Walmart are going to split on Monday, February 26th. The 3-1 split was announced on Tuesday, January 30th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, February 26th.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Walmart from $169.00 to $171.00 and gave the stock a “hold” rating in a report on Monday, November 13th. Tigress Financial upped their target price on shares of Walmart from $182.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Stephens upped their price objective on shares of Walmart from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, November 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $185.00 price objective on shares of Walmart in a report on Friday, November 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $168.00 price objective on shares of Walmart in a report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Check Out Our Latest Stock Analysis on Walmart

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 433,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $155.89, for a total value of $67,500,370.00. Following the transaction, the insider now directly owns 235,007,961 shares in the company, valued at $36,635,391,040.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 433,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $155.89, for a total value of $67,500,370.00. Following the transaction, the insider now directly owns 235,007,961 shares in the company, valued at $36,635,391,040.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $154.06, for a total transaction of $154,060.00. Following the completion of the transaction, the executive vice president now owns 166,735 shares in the company, valued at $25,687,194.10. The disclosure for this sale can be found here. Insiders have sold 6,438,607 shares of company stock worth $1,008,963,347 over the last three months. Insiders own 46.51% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust grew its position in shares of Walmart by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 15,876 shares of the retailer’s stock worth $2,495,000 after acquiring an additional 75 shares during the last quarter. Simplicity Wealth LLC grew its position in shares of Walmart by 1.7% during the fourth quarter. Simplicity Wealth LLC now owns 5,489 shares of the retailer’s stock worth $778,000 after acquiring an additional 94 shares during the last quarter. Compton Capital Management Inc. RI grew its position in shares of Walmart by 1.6% during the first quarter. Compton Capital Management Inc. RI now owns 6,366 shares of the retailer’s stock worth $948,000 after acquiring an additional 100 shares during the last quarter. United Bank grew its position in shares of Walmart by 4.6% during the first quarter. United Bank now owns 2,331 shares of the retailer’s stock worth $344,000 after acquiring an additional 103 shares during the last quarter. Finally, Snider Financial Group grew its position in shares of Walmart by 0.4% during the first quarter. Snider Financial Group now owns 24,517 shares of the retailer’s stock worth $3,651,000 after acquiring an additional 103 shares during the last quarter. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

(Get Free Report)

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.

See Also

Earnings History for Walmart (NYSE:WMT)

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