Morgan Stanley Has Positive Earnings Outlook Update for Wal Mart Stores (WMT)

By admin | 6 years ago

Equities researchers at Morgan Stanley (NYSE: MS) raised their earnings per share (EPS) estimates on shares of Wal Mart Stores (NYSE: WMT) in a report issued on Monday. The firm currently has an “equal weight” rating on the company’s shares.

Shares of Wal Mart Stores traded down 0.17% during mid-day trading on Monday, hitting $65.875. Wal Mart Stores has a 52 week low of $48.31 and a 52 week high of $66.66. The company has a market cap of $222.9 billion and a P/E ratio of 14.22.

Wal Mart Stores last announced its earnings results on Thursday, May 17th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.05. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that Wal Mart Stores will post $1.05 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Wal Mart Stores from $65.00 to $70.00 in a research note to investors on Wednesday, May 30th. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Wal Mart Stores in a research note to investors on Friday, May 18th. They now have a $63.00 price target on the stock, up previously from $58.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Wal Mart Stores in a research note to investors on Friday, May 18th. They now have a $65.00 price target on the stock.

Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats around globally. Everyday low prices (EDLP) is the Company’s pricing philosophy under, which it price items at a low price everyday.

About the author