Walmart (NYSE:WMTGet Rating) updated its FY 2023 earnings guidance on Tuesday. The company provided EPS guidance of $6.40-$6.40 for the period, compared to the consensus EPS estimate of $6.76. The company issued revenue guidance of $585.79 billion-$585.79 billion, compared to the consensus revenue estimate of $591.18 billion.Walmart also updated its Q2 2023 guidance to EPS.

Shares of NYSE WMT opened at $148.21 on Tuesday. The stock has a market capitalization of $407.99 billion, a P/E ratio of 30.37, a PEG ratio of 3.99 and a beta of 0.49. The stock’s fifty day moving average is $150.47 and its 200 day moving average is $144.63. Walmart has a 52 week low of $132.01 and a 52 week high of $160.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.28 and a current ratio of 0.93.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.18). Walmart had a net margin of 2.39% and a return on equity of 20.42%. The firm had revenue of $141.60 billion during the quarter, compared to the consensus estimate of $138.05 billion. During the same period in the prior year, the business earned $1.69 earnings per share. Walmart’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that Walmart will post 6.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $2.24 annualized dividend and a yield of 1.51%. Walmart’s dividend payout ratio is currently 45.90%.

WMT has been the topic of several recent analyst reports. Raymond James decreased their price target on Walmart from $170.00 to $165.00 and set an outperform rating on the stock in a research note on Tuesday, February 22nd. Jefferies Financial Group set a $175.00 target price on Walmart in a research note on Thursday, March 17th. Morgan Stanley reduced their price target on shares of Walmart from $170.00 to $165.00 and set an overweight rating on the stock in a research note on Tuesday, February 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walmart from $184.00 to $181.00 in a report on Monday. Finally, Royal Bank of Canada began coverage on shares of Walmart in a research note on Thursday, January 27th. They issued an outperform rating and a $160.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of Buy and a consensus target price of $167.13.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $154.41, for a total value of $1,499,012.28. Following the transaction, the chief executive officer now directly owns 1,536,571 shares of the company’s stock, valued at approximately $237,261,928.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 15,100 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $138.07, for a total value of $2,084,857.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,426,790 shares of company stock valued at $195,406,267. Company insiders own 48.44% of the company’s stock.

Large investors have recently bought and sold shares of the business. Compton Capital Management Inc. RI raised its stake in Walmart by 1.6% during the 1st quarter. Compton Capital Management Inc. RI now owns 6,366 shares of the retailer’s stock worth $948,000 after buying an additional 100 shares during the period. Snider Financial Group raised its position in shares of Walmart by 0.4% during the first quarter. Snider Financial Group now owns 24,517 shares of the retailer’s stock worth $3,651,000 after purchasing an additional 103 shares during the period. Center for Financial Planning Inc. lifted its holdings in shares of Walmart by 5.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 2,190 shares of the retailer’s stock worth $305,000 after purchasing an additional 118 shares in the last quarter. KC Investment Advisors LLC grew its position in Walmart by 1.6% in the 1st quarter. KC Investment Advisors LLC now owns 7,433 shares of the retailer’s stock valued at $1,107,000 after purchasing an additional 120 shares during the period. Finally, Founders Financial Securities LLC increased its stake in Walmart by 1.4% during the 1st quarter. Founders Financial Securities LLC now owns 9,402 shares of the retailer’s stock valued at $1,400,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Earnings History and Estimates for Walmart (NYSE:WMT)



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