Walmart (NYSE:WMT) Issues Q3 2026 Earnings Guidance

Key Points

• Walmart provided Q3 2026 earnings guidance with expected earnings per share between $0.580 and $0.600, higher than the consensus estimate of $0.569.
• The company anticipates revenue in the range of $175.9 billion to $177.6 billion, compared to the consensus revenue estimate of $176.3 billion.
• Walmart declared a dividend of $0.235 to be paid on September 2nd, which reflects a dividend yield of 90.0%.

Walmart (NYSE:WMT - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.580-0.600 for the period, compared to the consensus earnings per share estimate of 0.569. The company issued revenue guidance of $175.9 billion-$177.6 billion, compared to the consensus revenue estimate of $176.3 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WMT shares. Mizuho reissued an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. JPMorgan Chase & Co. increased their price target on Walmart from $112.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Guggenheim reissued a "buy" rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research report on Monday. Finally, Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $109.89.

Walmart Trading Up 1.1%

Shares of WMT opened at $102.3860 on Thursday. Walmart has a fifty-two week low of $74.59 and a fifty-two week high of $105.30. The business has a 50-day moving average of $97.88 and a 200 day moving average of $95.67. The firm has a market cap of $817.08 billion, a P/E ratio of 43.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's payout ratio is 40.17%.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the sale, the executive vice president owned 626,118 shares in the company, valued at $61,547,399.40. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the transaction, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,841 shares of company stock worth $8,161,365 in the last ninety days. Insiders own 0.10% of the company's stock.

Institutional Trading of Walmart

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Vista Capital Partners Inc. purchased a new stake in shares of Walmart in the second quarter worth $310,000. MGB Wealth Management LLC boosted its stake in Walmart by 7.0% during the second quarter. MGB Wealth Management LLC now owns 38,016 shares of the retailer's stock valued at $3,716,000 after buying an additional 2,473 shares during the period. Finally, Graney & King LLC boosted its stake in Walmart by 9.1% during the second quarter. Graney & King LLC now owns 1,536 shares of the retailer's stock valued at $150,000 after buying an additional 128 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

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.

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