Walmart (NYSE:WMT) Issues Quarterly Earnings Results

Walmart (NYSE:WMT) released its earnings results on Tuesday. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05, Briefing.com reports. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Walmart updated its FY 2025 guidance to 2.420-2.470 EPS and its FY25 guidance to $2.42-2.47 EPS.

Walmart Trading Up 0.7 %

Shares of WMT stock opened at $87.18 on Thursday. The company has a 50 day moving average of $81.75 and a 200-day moving average of $73.43. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart has a 12-month low of $49.85 and a 12-month high of $88.29. The firm has a market cap of $700.77 billion, a P/E ratio of 35.78, a PEG ratio of 4.33 and a beta of 0.51.

Analyst Ratings Changes

Several equities research analysts have weighed in on WMT shares. Stifel Nicolaus upped their target price on Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial upped their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $91.51.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last quarter. Insiders own 45.58% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.