Q3 EPS Estimates for Walmart Lifted by Telsey Advisory Group

Key Points

• The Telsey Advisory Group has raised its Q3 2026 EPS estimate for Walmart from $0.58 to $0.61, while maintaining an "Outperform" rating and a $118.00 target price.
• Walmart reported Q2 earnings of $0.68 EPS, missing the consensus estimate of $0.74, with a revenue of $169.34 billion, below expectations of $174.02 billion.
• The company also announced a dividend of $0.235 per share, payable on September 2nd, indicating a payout ratio of 35.34%.

Walmart Inc. (NYSE:WMT - Free Report) - Equities researchers at Telsey Advisory Group increased their Q3 2026 EPS estimates for Walmart in a research report issued to clients and investors on Thursday, August 21st. Telsey Advisory Group analyst J. Feldman now anticipates that the retailer will post earnings per share of $0.61 for the quarter, up from their prior estimate of $0.58. Telsey Advisory Group currently has a "Outperform" rating and a $118.00 target price on the stock. The consensus estimate for Walmart's current full-year earnings is $2.55 per share. Telsey Advisory Group also issued estimates for Walmart's Q4 2026 earnings at $0.74 EPS, FY2026 earnings at $2.64 EPS, Q1 2027 earnings at $0.68 EPS, Q2 2027 earnings at $0.78 EPS, Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.82 EPS and FY2027 earnings at $2.97 EPS.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS.

Several other equities research analysts have also issued reports on the stock. Guggenheim reiterated a "buy" rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. The Goldman Sachs Group lifted their target price on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research report on Friday. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Finally, Tigress Financial lifted their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Walmart currently has an average rating of "Buy" and an average target price of $110.07.

Walmart Trading Down 1.2%

Shares of Walmart stock opened at $96.8190 on Monday. Walmart has a 1 year low of $75.01 and a 1 year high of $105.30. The firm has a market cap of $772.66 billion, a PE ratio of 36.40, a PEG ratio of 4.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The company has a 50 day simple moving average of $97.99 and a two-hundred day simple moving average of $95.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer's stock worth $42,223,116,000 after buying an additional 5,856,468 shares during the period. Kingstone Capital Partners Texas LLC increased its stake in shares of Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after buying an additional 104,488,610 shares during the period. Geode Capital Management LLC increased its stake in shares of Walmart by 0.3% in the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer's stock worth $9,199,712,000 after buying an additional 263,718 shares during the period. Norges Bank purchased a new position in shares of Walmart in the second quarter worth $5,367,770,000. Finally, Northern Trust Corp increased its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,655 shares of Walmart stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.38, for a total value of $166,128.90. Following the transaction, the executive vice president directly owned 647,578 shares of the company's stock, valued at $65,003,879.64. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,841 shares of company stock worth $8,565,205. Corporate insiders own 0.10% of the company's stock.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart's payout ratio is presently 35.34%.

About Walmart

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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