Q2 2018 EPS Estimates for Wal-Mart Stores, Inc. Raised by Analyst (WMT)

Wal-Mart Stores, Inc. (NYSE:WMT) – KeyCorp raised their Q2 2018 EPS estimates for Wal-Mart Stores in a report released on Wednesday. KeyCorp analyst E. Yruma now forecasts that the retailer will post earnings of $1.09 per share for the quarter, up from their previous forecast of $1.08. KeyCorp currently has a “Overweight” rating and a $90.00 target price on the stock. KeyCorp also issued estimates for Wal-Mart Stores’ FY2018 earnings at $4.38 EPS.

Several other equities analysts also recently weighed in on WMT. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and issued a $80.00 target price (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. BidaskClub raised Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday. Oppenheimer Holdings, Inc. initiated coverage on Wal-Mart Stores in a research report on Wednesday, August 2nd. They issued an “outperform” rating and a $90.00 target price for the company. Finally, Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $79.40.

WARNING: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://stocknewstimes.com/2017/08/12/q2-2018-eps-estimates-for-wal-mart-stores-inc-raised-by-analyst-wmt.html.

Shares of Wal-Mart Stores (WMT) traded down 0.32% during trading on Friday, reaching $80.40. 7,905,495 shares of the company’s stock traded hands. Wal-Mart Stores has a one year low of $65.28 and a one year high of $81.99. The stock has a market cap of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29. The company has a 50 day moving average price of $77.44 and a 200-day moving average price of $74.15.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.

Several hedge funds have recently modified their holdings of WMT. Old Mutual Global Investors UK Ltd. increased its position in Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after buying an additional 31,436 shares during the period. British Columbia Investment Management Corp increased its position in Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock valued at $57,359,000 after buying an additional 209,619 shares during the period. Davis R M Inc. acquired a new position in Wal-Mart Stores during the first quarter valued at $249,000. Cohen Lawrence B increased its position in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock valued at $436,000 after buying an additional 25 shares during the period. Finally, Teachers Advisors LLC increased its position in Wal-Mart Stores by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 3,251,918 shares of the retailer’s stock valued at $224,773,000 after buying an additional 35,845 shares during the period. Institutional investors and hedge funds own 30.09% of the company’s stock.

In other news, insider Jacqueline P. Canney sold 1,322 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total value of $104,107.50. Following the sale, the insider now directly owns 23,854 shares in the company, valued at $1,878,502.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Insiders sold 23,006,720 shares of company stock worth $1,816,131,604 over the last 90 days. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores Company Profile

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply