$134.95 Billion in Sales Expected for Wal-Mart Stores, Inc. (WMT) This Quarter

Brokerages expect Wal-Mart Stores, Inc. (NYSE:WMT) to announce sales of $134.95 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Wal-Mart Stores’ earnings, with the highest sales estimate coming in at $136.72 billion and the lowest estimate coming in at $133.62 billion. Wal-Mart Stores posted sales of $130.94 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The company is scheduled to report its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Wal-Mart Stores will report full year sales of $134.95 billion for the current fiscal year, with estimates ranging from $494.23 billion to $500.80 billion. For the next financial year, analysts forecast that the business will post sales of $511.52 billion per share, with estimates ranging from $505.18 billion to $516.45 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Wal-Mart Stores.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis.

A number of equities research analysts recently issued reports on WMT shares. CIBC dropped their price objective on shares of Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Telsey Advisory Group dropped their price objective on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 17th. Citigroup raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and upped their price objective for the company from $106.00 to $117.00 in a report on Tuesday, December 19th. Royal Bank of Canada raised shares of Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 price objective for the company in a report on Wednesday, November 29th. Finally, Goldman Sachs Group set a $87.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $96.45.

Shares of Wal-Mart Stores (NYSE:WMT) opened at $99.54 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores has a 1-year low of $65.28 and a 1-year high of $100.13. The stock has a market cap of $294,880.00, a PE ratio of 26.47, a P/E/G ratio of 3.63 and a beta of 0.37.

Wal-Mart Stores announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, major shareholder Alice L. Walton sold 2,900,679 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,002,210 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $96.23, for a total transaction of $96,442,668.30. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $649,415,853.40. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock worth $1,207,333,538 in the last three months. Corporate insiders own 51.39% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC raised its holdings in Wal-Mart Stores by 10.9% in the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock valued at $225,760,000 after acquiring an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. raised its holdings in Wal-Mart Stores by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock valued at $611,000 after acquiring an additional 200 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Wal-Mart Stores by 23.1% in the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock valued at $158,610,000 after acquiring an additional 393,180 shares in the last quarter. Numeric Investors LLC raised its holdings in Wal-Mart Stores by 31.2% in the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after acquiring an additional 280,430 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new stake in Wal-Mart Stores in the second quarter valued at approximately $363,000. 30.58% of the stock is currently owned by institutional investors and hedge funds.

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About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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Earnings History and Estimates for Wal-Mart Stores (NYSE:WMT)

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