Wal-Mart Stores, Inc. (WMT) to Post Q1 2019 Earnings of $1.06 Per Share, Jefferies Group Forecasts
Wal-Mart Stores, Inc. (NYSE:WMT) – Investment analysts at Jefferies Group issued their Q1 2019 earnings estimates for shares of Wal-Mart Stores in a research report issued on Monday. Jefferies Group analyst D. Binder anticipates that the retailer will post earnings per share of $1.06 for the quarter. Jefferies Group has a “Buy” rating and a $105.00 price target on the stock. Jefferies Group also issued estimates for Wal-Mart Stores’ Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $4.80 EPS.
Other equities research analysts also recently issued reports about the stock. Citigroup Inc. lifted their price target on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Credit Suisse Group reissued a “hold” rating and set a $84.00 target price on shares of Wal-Mart Stores in a research report on Friday, August 18th. Barclays PLC set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday. Finally, KeyCorp set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.54.
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Wal-Mart Stores (NYSE WMT) traded up $0.07 during mid-day trading on Tuesday, reaching $90.99. 8,491,500 shares of the company traded hands, compared to its average volume of 8,692,613. The firm has a market capitalization of $271,000.00, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.34. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.51. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $91.98.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. Wal-Mart Stores’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share.
Wal-Mart Stores announced that its Board of Directors has approved a share repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Winfield Associates Inc. increased its stake in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after purchasing an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. grew 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 worth $115,000 after acquiring an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC grew its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 30.12% 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 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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