Walmart (NYSE:WMT – Get Free Report) updated its third quarter earnings forecast on Thursday. The company provided earnings per share (EPS) guidance of 0.51-0.52 for the period, compared to the consensus estimate of $0.55. The company provided revenue guidance of +3.25-4.25% yoy to $166.03-167.64 billion, compared to the consensus estimate of $167.05 billion. Walmart also updated its fiscal year 2025 guidance to 2.350-2.430 EPS.
Upgrades and downgrades by analysts
Several equities analysts have issued reports on the company. Guggenheim raised their price target on Walmart from $75.00 to $81.00 and gave the company a buy rating in a research note on Friday. Evercore ISI raised their price target on shares of Walmart from $74.00 to $78.00 and gave the company an outperform rating in a research note on Friday. Raymond James raised their price target on shares of Walmart from $63.00 to $70.00 and gave the company an outperform rating in a research note on Friday, May 17. TD Cowen raised their price target on shares of Walmart from $80.00 to $85.00 and gave the company a buy rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the company an overweight rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, 26 have given a buy recommendation and one has given the company’s stock a strong buy recommendation. Based on data from MarketBeat, Walmart currently has an average rating of Moderate Buy and an average price target of $77.79.
Read our latest report on Walmart
Walmart price history
NYSE WMT opened at $73.45 on Friday. The stock’s 50-day moving average price is $68.86 and its 200-day moving average price is $63.37. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market cap of $590.80 billion, a P/E ratio of 31.39, a PEG ratio of 3.95 and a beta of 0.50. Walmart has a 1-year low of $49.85 and a 1-year high of $74.44.
Walmart (NYSE:WMT – Get Free Report) released its latest earnings results on Thursday, August 15. The retailer reported earnings per share of $0.67 for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue grew 4.7% year over year. During the same quarter last year, the company generated earnings per share of $0.61. On average, analysts forecast that Walmart will report earnings per share of $2.43 for the current year.
Insider activities at Walmart
In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The disclosure regarding this sale can be found here. During the last quarter, insiders sold 11,000,613 shares of the company’s stock, valued at $725,932,010. 45.58% of the shares are owned by company insiders.
Walmart Company Profile
(Get free report)
Walmart Inc. operates retail, wholesale, other business and e-commerce businesses worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only warehouse clubs; e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other websites; and mobile commerce applications.
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