Brokers Set Expectations for Walmart Inc.’s Q4 2024 Earnings (NYSE:WMT)

Walmart Inc. (NYSE:WMT) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for Walmart in a note issued to investors on Friday, November 17th. DA Davidson analyst M. Baker forecasts that the retailer will earn $1.61 per share for the quarter. The consensus estimate for Walmart’s current full-year earnings is $6.44 per share. DA Davidson also issued estimates for Walmart’s FY2025 earnings at $7.04 EPS.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $160.80 billion during the quarter, compared to analysts’ expectations of $159.65 billion. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 EPS.

A number of other equities research analysts also recently weighed in on WMT. Morgan Stanley dropped their price objective on Walmart from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday. Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective on shares of Walmart in a research note on Wednesday, September 27th. Stephens raised their target price on shares of Walmart from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, November 13th. Sanford C. Bernstein upped their price target on Walmart from $159.00 to $165.00 and gave the stock a “market perform” rating in a research report on Friday, August 18th. Finally, Credit Suisse Group raised their price objective on Walmart from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.00.

Walmart Stock Down 0.4 %

Shares of NYSE WMT opened at $155.35 on Monday. Walmart has a 12-month low of $136.09 and a 12-month high of $169.94. The stock’s fifty day simple moving average is $162.21 and its two-hundred day simple moving average is $157.87. The stock has a market capitalization of $418.13 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $164.37, for a total transaction of $164,370.00. Following the transaction, the executive vice president now owns 167,735 shares in the company, valued at $27,570,601.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total transaction of $164,370.00. Following the completion of the transaction, the executive vice president now directly owns 167,735 shares in the company, valued at $27,570,601.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $162.99, for a total transaction of $1,582,306.92. Following the transaction, the chief executive officer now directly owns 1,451,801 shares in the company, valued at $236,629,044.99. The disclosure for this sale can be found here. Insiders have sold 31,166 shares of company stock worth $5,066,701 in the last ninety days. Company insiders own 46.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WMT. Spartan Planning & Wealth Management purchased a new stake in Walmart during the 3rd quarter valued at about $71,000. Integrated Advisors Network LLC boosted its holdings in shares of Walmart by 8.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 19,583 shares of the retailer’s stock worth $3,132,000 after purchasing an additional 1,484 shares during the last quarter. Creative Planning grew its position in shares of Walmart by 5.8% in the third quarter. Creative Planning now owns 494,961 shares of the retailer’s stock valued at $79,159,000 after purchasing an additional 27,254 shares in the last quarter. Revisor Wealth Management LLC purchased a new position in Walmart during the third quarter worth approximately $634,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in Walmart by 2,118.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 150,308 shares of the retailer’s stock worth $24,039,000 after buying an additional 143,532 shares during the last quarter. 33.18% of the stock is owned by institutional investors and hedge funds.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.