Walmart (NYSE:WMT) releases Q3 earnings guidance

VaselineAugust 16, 2024

0 3 minutes read

Walmart logo Walmart ( NYSE:WMT – Get Your Free Report ) updated its third-quarter earnings guidance on Thursday. The company provided earnings per share (EPS) of 0.51-0.52 for the period, compared to the consensus estimate of $0.55. The company issued a revenue estimate of +3.25-4.25% y/y to $166.03-167.64 billion, compared to the consensus revenue estimate of $167.05 billion. Walmart also upgraded its FY 2025 guidance to 2,350-2,430 EPS.

Analysts set new price targets

Several analysts have issued reports on WMT shares. JPMorgan Chase & Co. upped their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an overweight rating in a research report on Friday. KeyCorp upped their target price on Walmart from $75.00 to $82.00 and gave the stock an overweight rating in a research report on Wednesday, July 17th. Evercore ISI boosted their price objective on shares of Walmart from $73.00 to $74.00 and gave the company an outperform rating in a research note on Tuesday, July 16th. Bank of America lifted their price target on shares of Walmart from $67.00 to $75.00 and gave the company a buy rating in a research report on Friday, May 17th. Finally, Telsey Advisory Group boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an outperform rating in a research report on Friday. Three analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of Moderate Buy and a consensus price target of $74.78.

Check out our latest analysis on Walmart

Walmart trading up 6.6%

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NYSE:WMT opened at $73.18 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80, and a debt-to-equity ratio of 0.48. Walmart has a 12 month low of $49.85 and a 12 month high of $74.44. The company has a market cap of $588.63 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. The company has a 50 day moving average price of $68.71 and a two hundred day moving average price of $63.19.

Walmart (NYSE:WMT – Get Your Free Report ) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. In the same quarter last year, the company earned $0.61 per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts expect Walmart to post 2.43 EPS for the current fiscal year.

Insider transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,000,613 shares of company stock worth $725,932,010 over the last 90 days. Corporate insiders own 45.58% of the company’s shares.

Walmart Company Profile

(Get a free report)

Walmart Inc engages in retail, wholesale, other facilities and e-commerce operations 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 deposit clubs; e-commerce sites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.