$128.99 Billion in Sales Expected for Walmart Inc (NYSE:WMT) This Quarter

Wall Street analysts expect that Walmart Inc (NYSE:WMT) will announce sales of $128.99 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Walmart’s earnings. The lowest sales estimate is $126.84 billion and the highest is $131.08 billion. Walmart reported sales of $124.89 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The company is expected to announce its next earnings report on Thursday, November 21st.

According to Zacks, analysts expect that Walmart will report full year sales of $526.64 billion for the current financial year, with estimates ranging from $522.52 billion to $529.20 billion. For the next financial year, analysts expect that the business will post sales of $541.82 billion, with estimates ranging from $531.97 billion to $549.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Walmart.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS.

A number of equities analysts have recently weighed in on the company. Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. UBS Group set a $115.00 price target on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Deutsche Bank set a $124.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group increased their price target on Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, BMO Capital Markets increased their price target on Walmart to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and an average price target of $114.99.

NYSE:WMT traded down $0.99 during trading hours on Tuesday, hitting $110.92. The company had a trading volume of 353,947 shares, compared to its average volume of 6,760,016. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $111.57 and a 200 day moving average of $104.12. The company has a market cap of $319.87 billion, a P/E ratio of 22.58, a P/E/G ratio of 4.83 and a beta of 0.41. Walmart has a 1 year low of $85.78 and a 1 year high of $115.49.

In other Walmart news, insider Gregory S. Foran sold 19,487 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $105.00, for a total value of $2,046,135.00. Following the sale, the insider now owns 343,374 shares of the company’s stock, valued at approximately $36,054,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John R. Furner sold 7,900 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,783,026 shares of company stock worth $187,848,418. 51.11% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of WMT. Centric Wealth Management raised its position in shares of Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after acquiring an additional 322 shares in the last quarter. Carroll Financial Associates Inc. grew its stake in Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after buying an additional 3,733 shares during the last quarter. CWM LLC grew its stake in Walmart by 100.9% during the 1st quarter. CWM LLC now owns 99,577 shares of the retailer’s stock worth $9,712,000 after buying an additional 50,003 shares during the last quarter. Eads & Heald Wealth Management grew its stake in Walmart by 22.2% during the 1st quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock worth $1,890,000 after buying an additional 3,520 shares during the last quarter. Finally, Charter Trust Co. grew its stake in Walmart by 0.7% during the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after buying an additional 301 shares during the last quarter. 29.99% of the stock is currently owned by institutional investors.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

Read More: What is Green Investing?

Get a free copy of the Zacks research report on Walmart (WMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.