FY2018 EPS Estimates for Wal-Mart Stores Inc. Decreased by Analyst (WMT)
Wal-Mart Stores Inc. (NYSE:WMT) – Equities research analysts at Northcoast Research dropped their FY2018 earnings estimates for Wal-Mart Stores in a report issued on Friday. Northcoast Research analyst C. Cerankosky now anticipates that the firm will earn $4.43 per share for the year, down from their prior estimate of $4.54. Northcoast Research has a “Neutral” rating on the stock.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The business earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. During the same period in the prior year, the business posted $1.08 earnings per share. Wal-Mart Stores’s revenue was up .5% compared to the same quarter last year.
A number of other brokerages have also recently issued reports on WMT. KeyCorp initiated coverage on Wal-Mart Stores in a report on Thursday, September 29th. They issued an “overweight” rating and a $90.00 target price for the company. Credit Suisse Group AG initiated coverage on Wal-Mart Stores in a report on Friday, September 16th. They issued an “outperform” rating and a $80.00 target price for the company. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Guggenheim started coverage on Wal-Mart Stores in a report on Friday, September 30th. They issued a “buy” rating and a $82.00 target price for the company. Finally, JPMorgan Chase & Co. set a $72.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $75.46.
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Shares of Wal-Mart Stores (NYSE:WMT) opened at 68.70 on Monday. Wal-Mart Stores has a one year low of $56.30 and a one year high of $75.19. The stock’s 50 day moving average price is $71.77 and its 200 day moving average price is $70.95. The stock has a market capitalization of $212.51 billion, a P/E ratio of 14.79 and a beta of 0.20.
Several large investors have recently modified their holdings of the company. Lawson Kroeker Investment Management Inc. NE boosted its stake in shares of Wal-Mart Stores by 0.5% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 106,061 shares of the retailer’s stock valued at $7,649,000 after buying an additional 570 shares during the period. Oliver Luxxe Assets LLC bought a new stake in shares of Wal-Mart Stores during the third quarter valued at about $1,878,000. Bremer Trust National Association boosted its stake in shares of Wal-Mart Stores by 1.9% in the third quarter. Bremer Trust National Association now owns 13,577 shares of the retailer’s stock valued at $979,000 after buying an additional 253 shares during the period. First American Bank boosted its stake in shares of Wal-Mart Stores by 3.3% in the third quarter. First American Bank now owns 36,813 shares of the retailer’s stock valued at $2,654,000 after buying an additional 1,176 shares during the period. Finally, Independence Advisors LLC boosted its stake in shares of Wal-Mart Stores by 5.9% in the third quarter. Independence Advisors LLC now owns 4,108 shares of the retailer’s stock valued at $296,000 after buying an additional 228 shares during the period. Institutional investors own 29.55% of the company’s stock.
In other news, major shareholder Jim C. Walton sold 3,502,398 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $73.02, for a total transaction of $255,745,101.96. Following the completion of the sale, the insider now owns 10,507,127 shares in the company, valued at $767,230,413.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the sale, the insider now owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.
About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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