Walmart (NYSE:WMT - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 16th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. Walmart's quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect Walmart to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Walmart Stock Up 0.2 %
NYSE WMT traded up $0.15 during trading hours on Thursday, hitting $60.45. 14,549,570 shares of the company traded hands, compared to its average volume of 18,339,270. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The business's 50-day moving average is $60.10 and its 200-day moving average is $56.15. The stock has a market capitalization of $487.11 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 3.91 and a beta of 0.49. Walmart has a twelve month low of $48.34 and a twelve month high of $61.65.
Walmart Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, December 13th. Walmart's payout ratio is presently 43.38%.
Insider Transactions at Walmart
In related news, EVP John D. Rainey sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company's stock, valued at $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares of the company's stock, valued at $241,239,559.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,019,140 shares of company stock valued at $1,696,045,631. Corporate insiders own 46.51% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com raised shares of Walmart from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 21st. Tigress Financial lifted their price target on Walmart from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. Telsey Advisory Group restated an "outperform" rating and issued a $68.00 price objective on shares of Walmart in a research note on Wednesday, March 27th. Finally, Evercore ISI reduced their target price on Walmart from $67.00 to $66.00 and set an "outperform" rating for the company in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $61.94.
Check Out Our Latest Stock Report on WMT
About Walmart
(
Get Free Report)
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.
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