Wal-Mart Stores (WMT) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.88. The company posted revenue of $114986.00 million in the period, compared to analysts expectations of $112675.79 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Wal-Mart Stores. RBC Capital Mkts Initiated Wal-Mart Stores on May 3, 2016 to “Underperform”, Price Target of the shares are set at $66.Wal-Mart Stores was Resumed by Barclays to “Equal Weight” on Mar 31, 2016.
Wal-Mart Stores opened for trading at $64.86 and hit $66.35 on the upside on Monday, eventually ending the session at $66.02, with a gain of 1.66% or 1.08 points. The heightened volatility saw the trading volume jump to 1,01,81,795 shares. Company has a market cap of $207,589 M.
In a different news, on Feb 26, 2016, Rollin L. Ford (EVP) sold 740 shares at $67.65 per share price. According to the SEC, on Dec 4, 2015, Timothy Patrick Flynn (director) purchased 10,000 shares at $58.46 per share price. On Mar 9, 2015, Steven P Whaley (Senior Vice President) sold 2,400 shares at $83.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.