Walmart Inc. (NYSE:WMT) Forecasted to Post FY2024 Earnings of $6.48 Per Share

Walmart Inc. (NYSE:WMT) – Analysts at Telsey Advisory Group boosted their FY2024 earnings per share estimates for shares of Walmart in a research note issued on Thursday, November 16th. Telsey Advisory Group analyst J. Feldman now anticipates that the retailer will post earnings of $6.48 per share for the year, up from their prior estimate of $6.46. Telsey Advisory Group currently has a “Outperform” rating and a $185.00 target price on the stock. The consensus estimate for Walmart’s current full-year earnings is $6.44 per share. Telsey Advisory Group also issued estimates for Walmart’s Q4 2024 earnings at $1.64 EPS, Q2 2025 earnings at $1.98 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $7.13 EPS.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The company had revenue of $160.80 billion during the quarter, compared to analysts’ expectations of $159.65 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. Walmart’s revenue was up 5.2% on a year-over-year basis.

WMT has been the topic of several other research reports. BMO Capital Markets cut their target price on Walmart from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday. Guggenheim upped their target price on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Truist Financial upped their target price on Walmart from $168.00 to $170.00 and gave the company a “hold” rating in a research report on Friday. Credit Suisse Group upped their target price on Walmart from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Morgan Stanley cut their target price on Walmart from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.00.

Walmart Price Performance

Shares of WMT opened at $155.35 on Monday. The business has a 50-day simple moving average of $162.21 and a two-hundred day simple moving average of $157.87. Walmart has a 12-month low of $136.09 and a 12-month high of $169.94. The stock has a market cap of $418.13 billion, a PE ratio of 25.76, a PEG ratio of 3.23 and a beta of 0.53. The company has a quick ratio of 0.26, a current ratio of 0.85 and a debt-to-equity ratio of 0.49.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WMT. Bank Julius Baer & Co. Ltd Zurich boosted its position in Walmart by 93,272.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock valued at $129,045,359,000 after acquiring an additional 820,124,410 shares in the last quarter. BlackRock Inc. boosted its position in Walmart by 0.4% during the 2nd quarter. BlackRock Inc. now owns 100,364,767 shares of the retailer’s stock valued at $15,775,334,000 after acquiring an additional 430,215 shares in the last quarter. Geode Capital Management LLC boosted its position in Walmart by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,499,791 shares of the retailer’s stock valued at $3,995,749,000 after acquiring an additional 394,797 shares in the last quarter. Morgan Stanley boosted its position in Walmart by 1.8% during the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after acquiring an additional 426,388 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in Walmart by 112,181.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after acquiring an additional 22,834,564 shares in the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total transaction of $708,750.00. Following the sale, the executive vice president now owns 269,119 shares in the company, valued at $43,597,278. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $161.37, for a total value of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares in the company, valued at $27,390,136.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total value of $708,750.00. Following the completion of the transaction, the executive vice president now owns 269,119 shares in the company, valued at approximately $43,597,278. The disclosure for this sale can be found here. Insiders have sold 31,166 shares of company stock worth $5,066,701 over the last 90 days. Corporate insiders own 46.51% of the company’s stock.

About Walmart

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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.