Revenue Update on Wal-Mart Stores(NYSE:WMT)

Wal-Mart Stores(NYSE:WMT) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $120.85B. Analysts estimated a revenue of $120.29B. Earnings per share were $1.07. Analysts had estimated an EPS of $1.02.

In a different note, On Aug 1, 2016, Deutsche Bank said it Maintains its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 12, 2016, Northcoast Research said it Downgrades its rating on Wal-Mart Stores. The shares have been rated ‘Neutral’ by the firm. On Jun 6, 2016, Jefferies said it Upgrades its rating on Wal-Mart Stores. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm.

Wal-Mart Stores (WMT) made into the market gainers list on Mondays trading session with the shares advancing 0.37% or 0.26 points. Due to strong positive momentum, the stock ended at $71.4, which is also near the day’s high of $71.66. The stock began the session at $71.14 and the volume stood at 74,68,105 shares. The 52-week high of the shares is $75.19 and the 52 week low is $56.3. The company has a current market capitalization of $222,529 M and it has 3,11,66,46,700 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Rosalind G Brewer (Executive Vice President) sold 10,794 shares at $71.65 per share price.Also, On Jun 29, 2016, S Robson Walton (director 10% owner) sold 1,450,000 shares at $71.54 per share price.On Jun 29, 2016, Alice L Walton (10% owner) sold 1,450,000 shares at $71.54 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.

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