Wal-Mart Stores, Inc. (NYSE:WMT) – Equities research analysts at Jefferies Group cut their Q3 2018 earnings estimates for Wal-Mart Stores in a note issued to investors on Thursday. Jefferies Group analyst D. Binder now anticipates that the retailer will post earnings per share of $0.98 for the quarter, down from their previous forecast of $1.00. Jefferies Group has a “Buy” rating and a $93.00 price objective on the stock. Jefferies Group also issued estimates for Wal-Mart Stores’ Q4 2018 earnings at $1.42 EPS, FY2021 earnings at $5.94 EPS and FY2022 earnings at $6.62 EPS.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The firm had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Q3 2018 EPS Estimates for Wal-Mart Stores, Inc. Decreased by Analyst (WMT)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/18/q3-2018-eps-estimates-for-wal-mart-stores-inc-decreased-by-analyst-wmt.html.

Several other equities research analysts also recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, July 13th. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a report on Monday, May 15th. Royal Bank Of Canada restated a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Finally, BMO Capital Markets upgraded Wal-Mart Stores from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $63.00 to $80.00 in a report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus target price of $80.01.

Wal-Mart Stores (WMT) traded up 0.10% during mid-day trading on Friday, hitting $79.78. 4,013,413 shares of the company were exchanged. Wal-Mart Stores has a 12 month low of $65.28 and a 12 month high of $81.99. The firm has a 50 day moving average price of $77.99 and a 200 day moving average price of $74.54. The stock has a market cap of $240.50 billion, a price-to-earnings ratio of 18.12 and a beta of 0.29.

Hedge funds have recently made changes to their positions in the stock. Winfield Associates Inc. raised its stake in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Asset Planning Services Ltd. raised its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock valued at $109,000 after buying an additional 11 shares during the period. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares during the period. Institutional investors and hedge funds own 30.00% of the company’s stock.

In other news, insider Jeffrey J. Gearhart sold 11,104 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $78.20, for a total value of $868,332.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 1,322 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total value of $104,107.50. Following the completion of the sale, the insider now owns 23,854 shares of the company’s stock, valued at approximately $1,878,502.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,001,578 shares of company stock valued at $1,815,723,535. Insiders own 51.39% of the company’s stock.

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.

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

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