FY2020 EPS Estimates for Walmart Inc (NYSE:WMT) Raised by Jefferies Financial Group

Walmart Inc (NYSE:WMT) – Equities researchers at Jefferies Financial Group increased their FY2020 earnings per share (EPS) estimates for shares of Walmart in a note issued to investors on Thursday, August 15th. Jefferies Financial Group analyst C. Mandeville now anticipates that the retailer will earn $4.94 per share for the year, up from their previous estimate of $4.81. Jefferies Financial Group currently has a “Buy” rating and a $120.00 target price on the stock. Jefferies Financial Group also issued estimates for Walmart’s Q4 2020 earnings at $1.45 EPS, FY2021 earnings at $5.16 EPS, FY2022 earnings at $5.51 EPS and FY2023 earnings at $5.88 EPS.

A number of other equities analysts have also commented on the stock. BMO Capital Markets lifted their price target on shares of Walmart to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Goldman Sachs Group set a $123.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. Loop Capital lifted their price target on shares of Walmart to $115.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a report on Thursday, May 2nd. Finally, Buckingham Research set a $109.00 price target on shares of Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $114.51.

NYSE WMT opened at $112.05 on Monday. The firm’s fifty day moving average price is $111.56 and its two-hundred day moving average price is $103.94. The stock has a market cap of $322.56 billion, a PE ratio of 22.82, a PEG ratio of 4.87 and a beta of 0.41. Walmart has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Lincoln Capital LLC increased its position in shares of Walmart by 1.5% during the second quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock worth $723,000 after acquiring an additional 94 shares in the last quarter. First National Bank of Hutchinson increased its position in shares of Walmart by 1.5% during the second quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock worth $740,000 after acquiring an additional 96 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its position in shares of Walmart by 2.1% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after acquiring an additional 97 shares in the last quarter. Savant Capital LLC increased its position in shares of Walmart by 0.6% during the second quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock worth $1,924,000 after acquiring an additional 97 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Walmart by 2.7% during the second quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock worth $414,000 after acquiring an additional 98 shares in the last quarter. 29.99% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Gregory S. Foran sold 19,487 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $105.00, for a total value of $2,046,135.00. Following the transaction, the insider now owns 343,374 shares in the company, valued at $36,054,270. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,783,026 shares of company stock worth $187,848,418. 50.22% of the stock is owned by company insiders.

About Walmart

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.

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Earnings History and Estimates for Walmart (NYSE:WMT)

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