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Published: Thu, May 18, 2017
Economy | By Melissa Porter

Will Wal-Mart Stores, Inc. (WMT) Crush EPS Estimates Again?

Will Wal-Mart Stores, Inc. (WMT) Crush EPS Estimates Again?

Among 32 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 14 have Buy rating, 2 Sell and 16 Hold. Prospera Financial Services Inc now owns 28,255 shares of the retailer's stock worth $2,035,000 after buying an additional 4,525 shares during the last quarter. For our stock under consideration here, Wal-Mart Stores Inc. Back in 2015, Wal-Mart warned that stepped-up investments in stores and in its employees would hurt profits. Somerset Trust Co boosted its stake in Wal-Mart Stores by 2.2% in the first quarter. Institutional investors and hedge funds own 29.69% of the company's stock. Flippin Bruce Porter has invested 1.73% in Wal-Mart Stores Inc (NYSE:WMT).

The proposed class action lawsuit was filed in federal court in IL on Friday by Talisa Borders and OtishaWoolbright, who say that until 2014, Arkansas-based Wal-Mart had a company-wide policy that denied pregnant women the same accommodations as workers with other disabilities. Analysts mean target price for Noble Corp plc (NYSE:NE) is $7.04 while their mean recommendation is 2.90 (1=Buy, 5=sell). Zacks Investment Research cut Wal-Mart Stores from a "buy" rating to a "hold" rating in a research report on Thursday, May 11th.

Net earnings increased 7.7% for the quarter to $681 million from $632 million in the prior year period. The business had revenue of $129.75 billion for the quarter, compared to the consensus estimate of $130.22 billion. Comparatively, Wal-Mart Stores Inc. posted earnings of $1.03 per share in the same quarter a year ago.

US retailers have closed stores at a record pace this year as they feel the fallout from decades of overbuilding and the growth of e-commerce. Equities analysts predict that Wal-Mart Stores Inc will post $4.33 earnings per share for the current year. Sales in its food and beverage business were also down. The ex-dividend date of this dividend is Wednesday, December 6th.

ILLEGAL ACTIVITY WARNING: This story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of USA & worldwide copyright laws. First Personal Finance Services has invested 1.26% in Wal-Mart Stores Inc (NYSE:WMT). (WMT), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. Finally, Susquehanna Bancshares Inc assumed coverage on Wal-Mart Stores in a report on Friday, February 10th.

In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,667,343 shares of the firm's stock in a transaction that occurred on Monday, February 27th. They set a "hold" rating and a $70.00 target price for the company.

The company's shares rose 8.4 percent in premarket trading on Wednesday, bringing some cheer to the retail sector, which has been hurt by weak performances from department store chains last week. Argus reiterated a "hold" rating on shares of Wal-Mart Stores in a research note on Tuesday, January 24th. Finally, BKS Advisors LLC bought a new stake in Wal-Mart Stores during the third quarter valued at $110,000. The company has market cap of $229.44 billion. (NYSE:WMT). At the time of writing, the First Call consensus price target for the company is $74.90. Over the last 12 months, WMT's stock price has risen $9.09, or +13.77%. The stock was sold at an average price of $71.79, for a total value of $314,105,443.23. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $476,044,833.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A 52-week high/low is the highest and lowest price that a stock has traded at during the previous year. The stock was sold at an average price of $70.50, for a total value of $211,500,000.00. Following the transaction, the insider now directly owns 10,507,127 shares of the company's stock, valued at approximately $756,408,072.73.

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