Walmart (NYSE:WMT) Issues Earnings Results

Walmart (NYSE:WMTGet Free Report) issued its quarterly earnings data on Thursday. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08, RTT News reports. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year.

Walmart Price Performance

Shares of NYSE WMT opened at $64.65 on Friday. The stock has a market cap of $520.95 billion, a P/E ratio of 27.67, a P/E/G ratio of 4.21 and a beta of 0.49. The firm’s 50-day simple moving average is $60.34 and its 200 day simple moving average is $56.50. Walmart has a fifty-two week low of $48.34 and a fifty-two week high of $64.88. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is currently 35.52%.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Walmart from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Bank of America boosted their price objective on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson boosted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday. Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Cowen upped their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.59.

Read Our Latest Analysis on Walmart

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the transaction, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares in the company, valued at $236,187,943.20. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock worth $1,696,045,631 in the last 90 days. Corporate insiders own 46.51% of the company’s stock.

About Walmart

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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Earnings History for Walmart (NYSE:WMT)

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