Walmart (NYSE:WMT) Issues FY 2022 Earnings Guidance

Walmart (NYSE:WMT) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $6.400-$6.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.330. The company issued revenue guidance of -.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Walmart from a buy rating to a hold rating and set a $158.00 price target for the company. in a research note on Wednesday, August 18th. Wells Fargo & Company upgraded Walmart from an equal weight rating to an overweight rating and boosted their price target for the company from $150.00 to $165.00 in a research note on Thursday, August 5th. The Goldman Sachs Group upped their target price on Walmart from $184.00 to $196.00 and gave the stock a buy rating in a research note on Tuesday, October 19th. Barclays upped their target price on Walmart from $165.00 to $170.00 and gave the stock an overweight rating in a research note on Wednesday, August 18th. Finally, Cowen upped their target price on Walmart from $170.00 to $175.00 and gave the stock an outperform rating in a research note on Wednesday, August 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $170.20.

Shares of WMT stock traded up $0.73 during mid-day trading on Thursday, reaching $146.54. 6,025,136 shares of the stock traded hands, compared to its average volume of 8,017,379. The stock’s fifty day simple moving average is $144.23 and its two-hundred day simple moving average is $143.33. Walmart has a 1-year low of $126.28 and a 1-year high of $153.66. The company has a market cap of $408.63 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 4.28 and a beta of 0.50. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 16th. The retailer reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The firm had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. During the same period last year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Walmart will post 6.31 EPS for the current fiscal year.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, October 28th. The stock was sold at an average price of $148.40, for a total value of $1,440,667.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 505,429 shares of the business’s stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $145.13, for a total value of $73,352,910.77. The disclosure for this sale can be found here. Insiders have sold 5,053,929 shares of company stock worth $741,184,102 over the last three months. Insiders own 48.44% of the company’s stock.

An institutional investor recently raised its position in Walmart stock. Eagle Capital Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,602 shares of the retailer’s stock after buying an additional 682 shares during the quarter. Walmart accounts for 0.0% of Eagle Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Eagle Capital Management LLC’s holdings in Walmart were worth $4,315,000 as of its most recent SEC filing. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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