Walmart (WMT) Set to Announce Quarterly Earnings on Tuesday

Walmart (NYSE:WMT) is set to issue its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect Walmart to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Walmart Price Performance

Shares of WMT opened at $84.21 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50 day simple moving average of $80.53 and a 200 day simple moving average of $72.10. Walmart has a 52-week low of $49.85 and a 52-week high of $85.54. The firm has a market capitalization of $676.90 billion, a PE ratio of 44.07, a P/E/G ratio of 4.25 and a beta of 0.51.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last ninety days. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WMT shares. TD Cowen increased their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Telsey Advisory Group lifted their price target on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company lifted their target price on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $83.92.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.