Wal-Mart Stores (WMT) Posts Quarterly Earnings Results, Hits Estimates
Wal-Mart Stores (NYSE:WMT) released its earnings data on Thursday. The company reported $1.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.21, AR Network reports. The company had revenue of $119.30 billion for the quarter, compared to the consensus estimate of $119.00 billion.
Shares of Wal-Mart Stores (NYSE:WMT) opened at 74.03 on Thursday. Wal-Mart Stores has a one year low of $71.51 and a one year high of $81.37. The stock’s 50-day moving average is $75.52 and its 200-day moving average is $75.. The company has a market cap of $238.6 billion and a price-to-earnings ratio of 15.33.
A number of research firms have recently commented on WMT. 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 investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and an average target price of $79.94.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
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