Wal-Mart Stores (WMT) Set to Announce Earnings on Thursday
Wal-Mart Stores (NYSE:WMT) will be releasing its Q215 earnings data on Thursday, August 14th. Analysts expect Wal-Mart Stores to post earnings of $1.21 per share and revenue of $119.00 billion for the quarter.
Wal-Mart Stores (NYSE:WMT) traded down 0.28% on Wednesday, hitting $74.015. The stock had a trading volume of 4,159,884 shares. Wal-Mart Stores has a 52-week low of $71.51 and a 52-week high of $81.37. The stock’s 50-day moving average is $75.5 and its 200-day moving average is $75.9. The company has a market cap of $238.6 billion and a price-to-earnings ratio of 15.33.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research reiterated a “positive” rating on shares of Wal-Mart Stores in a research note on Wednesday. On a related note, analysts at Jefferies Group downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $76.00 price target on the stock, down previously from $89.00. Finally, analysts at Goldman Sachs downgraded shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $83.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $79.94.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.