Wal-Mart Stores, Inc. (WMT) : How Do the Technicals Stack Up?By Freda Brock Feb 22, 2017
The retailer reported $1.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.29 by $0.01.
Q4 consolidated net income attributable to Wal-Mart fell 17.9% to $ 3.8 billion from $4.6 billion in the year-ago period on a pullback from store openings. The company provided earnings per share (EPS) guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.32. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/02/21/wal-mart-stores-inc-wmt-given-a-64-00-price-target-at-j-p-morgan-chase-co.html.
Wal-Mart's (WMT.N) shares were the top gainer in the Dow Jones Industrial Average, rising 3 percent after the world's largest retailer reported higher-than-expected USA sales.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. More shoppers came to its stores and spent more when they did. Excluding one-time items, the per-share price was $1.30, topping the $1.29 Wall Street analysts expected. The 52-week range of the share price is from $62.35 - $75.19. Revenue, excluding currency, ticked up 3.0% to $133.6 billion.
Online sales gained 29 per cent in the fourth quarter, which ended January 31. The company raised its quarterly dividend to $0.51 per share from $0.50 per share.
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Wal-Mart on Tuesday handily beat fourth quarter analyst expectations, thanks to boosts in store traffic and online sales.
Revenue rose 1% to $130.94 billion.
Shares of Wal-Mart rose 1.7 percent to $70.55 in pre-market trade.
In underlining the changes, Lee Tappenden, chief executive officer of Wal-Mart Canada, said this month he is considering refraining from adding new stores in 2017, which would be the first year the chain didn't add more outlets since it arrived here in 1994. Finally, BMO Capital Markets reaffirmed an underperform rating and issued a $72.80 price target on shares of Wal-Mart Stores in a research report on Saturday, November 19th. Beta factor, which measures the riskiness of the security, was observed as 0.13. Yet in certain cases, "where there are gaps in the assortment", Jet.com will offer the Wal-Mart store brands. (NYSE:WMT)'s latest quarter, EPS moved to $0.98 from $1.07 in preceding quarter and revenues reached at $118,179.00M compared to $120,854.00M.
"There was a period last week, I think, where people were getting a little anxious about whether the administration was getting sidetracked", said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey.
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