Equities research analysts expect Walmart Inc (NYSE:WMT) to post $130.49 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Walmart’s earnings, with estimates ranging from $128.99 billion to $132.02 billion. Walmart reported sales of $128.03 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The firm is expected to report its next quarterly earnings report on Thursday, August 15th.
According to Zacks, analysts expect that Walmart will report full-year sales of $526.69 billion for the current financial year, with estimates ranging from $523.07 billion to $530.70 billion. For the next year, analysts expect that the business will report sales of $545.31 billion, with estimates ranging from $537.72 billion to $551.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Walmart.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share.
In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Judith J. Mckenna sold 4,243 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $100.19, for a total transaction of $425,106.17. Following the completion of the sale, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The disclosure for this sale can be found here. In the last three months, insiders sold 5,559,285 shares of company stock valued at $571,021,654. 51.11% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Clarfeld Financial Advisors LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. C J Advisory Inc bought a new stake in shares of Walmart during the first quarter valued at approximately $29,000. Financial Gravity Wealth Inc. bought a new stake in shares of Walmart during the first quarter valued at approximately $35,000. WP Advisors LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $37,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $38,000. 29.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Walmart stock traded up $0.68 during trading on Friday, reaching $114.60. 3,649,282 shares of the stock traded hands, compared to its average volume of 6,729,155. The firm has a market cap of $322.53 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 4.94 and a beta of 0.41. The firm’s fifty day moving average price is $108.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. Walmart has a 52-week low of $85.78 and a 52-week high of $114.77.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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