Equities research analysts predict that Walmart Inc (NYSE:WMT) will post $130.49 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Walmart’s earnings, with estimates ranging from $128.99 billion to $132.02 billion. Walmart posted sales of $128.03 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The business is expected to issue its next earnings results 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 fiscal year, analysts expect that the business will post 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 analysts that cover Walmart.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) 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 net margin of 1.62% and a return on equity of 18.66%. Walmart’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS.
NYSE WMT traded up $0.68 on Friday, reaching $114.60. The company’s stock had a trading volume of 3,649,282 shares, compared to its average volume of 6,729,155. Walmart has a twelve month low of $85.78 and a twelve month high of $114.77. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $322.53 billion, a PE ratio of 23.34, a PEG ratio of 4.94 and a beta of 0.41. The business has a 50 day moving average price of $108.20.
In other news, major shareholder Jim C. Walton sold 1,626,851 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the completion of the sale, the insider now directly owns 17,502,080 shares of the company’s stock, valued at $1,769,110,246.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders sold 5,559,285 shares of company stock valued at $571,021,654 over the last three months. 51.11% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Clarfeld Financial Advisors LLC bought a new position in Walmart in the fourth quarter worth $25,000. C J Advisory Inc bought a new position in Walmart in the first quarter worth $29,000. Financial Gravity Wealth Inc. bought a new position in Walmart in the first quarter worth $35,000. WP Advisors LLC bought a new position in Walmart in the first quarter worth $37,000. Finally, Stone House Investment Management LLC bought a new position in Walmart in the first quarter worth $38,000. 29.89% of the stock is owned by institutional investors.
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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