Equities research analysts expect Wal-Mart Stores, Inc. (NYSE:WMT) to post sales of $122.73 billion for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Wal-Mart Stores’ earnings, with the lowest sales estimate coming in at $121.66 billion and the highest estimate coming in at $124.29 billion. Wal-Mart Stores posted sales of $120.85 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is scheduled to issue its next earnings report before the market opens on Thursday, August 17th.

According to Zacks, analysts expect that Wal-Mart Stores will report full-year sales of $122.73 billion for the current financial year, with estimates ranging from $491.56 billion to $497.69 billion. For the next fiscal year, analysts forecast that the business will post sales of $507.70 billion per share, with estimates ranging from $500.37 billion to $511.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Wal-Mart Stores.

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

A number of brokerages have recently issued reports on WMT. Pacific Crest downgraded shares of Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $74.00 price target on shares of Wal-Mart Stores in a research report on Friday, May 5th. Sanford C. Bernstein restated a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG restated a “neutral” rating and issued a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $86.00 price target on shares of Wal-Mart Stores in a research report on Friday, April 7th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and a consensus price target of $78.11.

In related 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 transaction of $104,107.50. Following the completion of the sale, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Chojnowski sold 5,142 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $79.36, for a total value of $408,069.12. The disclosure for this sale can be found here. Insiders sold a total of 23,006,720 shares of company stock valued at $1,816,131,604 over the last quarter. Company insiders own 51.39% of the company’s stock.

Large investors have recently modified their holdings of the company. TrimTabs Asset Management LLC boosted its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. boosted its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the period. High Point Bank & Trust Co. boosted its stake in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock worth $136,000 after buying an additional 820 shares during the period. SRS Capital Advisors Inc. boosted its stake in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 30.15% of the company’s stock.

Wal-Mart Stores (NYSE WMT) traded down 0.05% during midday trading on Friday, hitting $75.98. 2,740,420 shares of the company were exchanged. The stock has a market capitalization of $229.04 billion, a PE ratio of 17.25 and a beta of 0.28. The firm’s 50-day moving average price is $76.69 and its 200-day moving average price is $72.87. Wal-Mart Stores has a one year low of $65.28 and a one year high of $80.47.

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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.

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

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