Target second-quarter profit, sales beat view as customer traffic rises

Top 3 earnings today- Alibaba Wal Mart and Applied Materials

More notable recent Wal-Mart Stores Inc (NYSE:WMT) news were published by: Seekingalpha.com which released: "Wal-Mart: Buy After Earnings" on August 13, 2017, also Nasdaq.com with their article: "Wal-Mart Stores, Inc".

The retailer anticipates 2018 adjusted earnings of between $4.30 and $4.40 per share. Eastern Bancorporation has 0.04% invested in Wal-Mart Stores Inc (NYSE:WMT). Contravisory Inv Mgmt Incorporated holds 0% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT) for 50 shares. The stock increased 0.26% or $0.21 during the last trading session, reaching $80.98. First City Capital Management Inc. boosted its position in Wal-Mart Stores by 6.8% in the first quarter. Cemtrex, Inc. has 0 buy ratings, 0 holds and 0 sells even after the stock tumbled -63.73% from its high of $8.41 to a $28.09 million market value through last close.

But investments, along with more aggressive pricing generally, cost money. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. Also, insider David Cheesewright sold 25,729 shares of the company's stock in a transaction that occurred on Wednesday, June 28th. The stock has a market capitalization of $244.11 billion, a price-to-earnings ratio of 18.39 and a beta of 0.29.

Shares of Wal-Mart Stores, Inc. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of US$1.07 per share. (WMT) Ex-Dividend Date Scheduled for August 09, 2017" published on August 08, 2017, Fool.com published: "Wal-Mart Stores Inc: "The Bear Case From a Bull" on August 02, 2017.


Revenue for the three months ended July 31 climbed to $123.36 billion, from $120.85 billion, and online sales surged 60 per cent. That business added 70 basis points to comparable sales. For the current quarter, Wal-Mart forecast earnings per share of 90 cents to 98 cents, compared with the 98 cents that Wall Street was looking for.

A number of equities analysts recently weighed in on the company. Goldman Sachs maintained the shares of WMT in report on Wednesday, April 6 with "Neutral" rating.

COPYRIGHT VIOLATION WARNING: "Wal-Mart Stores' (WMT) Buy Rating Reaffirmed at Cowen and Company" was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. Finally, Royal Bank Of Canada reissued a "sell" rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, May 2nd. Stephens raised Wal-Mart Stores from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $78.00 to $91.00 in a report on Friday. Green Valley Investors Llc sold 38,717 shares as the company's stock rose 13.55% with the market. The company has an average rating of "Hold" and an average price target of $79.83. Another trade for 11,104 shares valued at $868,299 was sold by Gearhart Jeffrey J. Canney Jacqueline P had sold 1,322 shares worth $104,113 on Tuesday, May 23. Following the completion of the transaction, the insider now owns 23,854 shares in the company, valued at $1,878,502.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. WALTON ALICE L had sold 3.67 million shares worth $264.02 million. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85.

Related:

Comments

Latest news

Can Diageo plc (ADR) (DEO)'s Tomorrow Be Different? The Stock Increases Again
It improved, as 23 investors sold HBHC shares while 55 reduced holdings. 22 funds opened positions while 32 raised stakes. The stock of Diageo plc (ADR) (NYSE: DEO ) has "Hold" rating given on Wednesday, September 23 by Shore Capital.

ASUS goes dual-camera insane for its ZenFone 4 series
The new ZenFone Zoom S will run on the now-dated Android 6.0 Marshmallow together with the proprietary Zen UI 3.0. On the flip side, the standard Zenfone 4 Selfie comes with a 20MP selfie camera along with a secondary sensor.

Umar Akmal set to receive show cause notice over Arthur allegations
Adding, Akmal said, "He has debarred me from the academy and told me to play club cricket". I have come here to register a formal complaint against the coaching staff", he said.

HDFC Bank Revises Interest Rates On Saving Accounts
If the daily balance were to be below Rs 1 lakh, the rate offered by the bank is now only 3%, a change from the earlier 4%. Market participants believe that the interest rate war will stay between large public-sector and private-sector banks.

Justice Minister Michael Keenan a United Kingdom citizen
Keenan has rejected the report he's the latest Turnbull government minister to run foul of the citizenship saga. Fairfax reports Justice Minister Michael Keenan might have inherited United Kingdom citizenship from his father.

Other news