Equities analysts expect Wal-Mart Stores, Inc. (NYSE:WMT) to report $121.01 billion in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Wal-Mart Stores’ earnings. The lowest sales estimate is $118.86 billion and the highest is $122.25 billion. Wal-Mart Stores reported sales of $118.18 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is expected to report its next earnings report on Thursday, November 16th.

According to Zacks, analysts expect that Wal-Mart Stores will report full-year sales of $121.01 billion for the current year, with estimates ranging from $490.98 billion to $499.24 billion. For the next fiscal year, analysts forecast that the business will report sales of $509.09 billion per share, with estimates ranging from $499.46 billion to $512.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Wal-Mart Stores.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue was up 2.1% on a year-over-year basis.

Several equities analysts have weighed in on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Wal-Mart Stores and gave the company a “sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Wal-Mart Stores in a research note on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and a consensus price target of $81.44.

In other news, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the transaction, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 621,500 shares of Wal-Mart Stores stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last quarter. 51.39% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares during the period. State Street Corp boosted its stake in shares of Wal-Mart Stores by 1.2% during the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after acquiring an additional 854,010 shares during the period. FMR LLC boosted its stake in shares of Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Wal-Mart Stores by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after acquiring an additional 580,373 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Wal-Mart Stores by 2.6% during the 1st quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock worth $723,738,000 after acquiring an additional 256,833 shares during the period. Institutional investors own 30.19% of the company’s stock.

Wal-Mart Stores (WMT) opened at 79.09 on Thursday. The firm has a market cap of $236.26 billion, a PE ratio of 19.00 and a beta of 0.29. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $81.99. The firm’s 50-day moving average is $79.36 and its 200 day moving average is $76.96. Wal-Mart Stores also was the target of some unusual options trading on Monday. Stock investors purchased 5,107 put options on the stock. This is an increase of approximately 351% compared to the average volume of 1,132 put options.

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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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