[at Forbes] – Walmart announced in October that is was bringing low-cost LEDs (sub $9) to market. John Prince, Walmart’s Senior Buyer of Hardware Consumables, explains the thinking behind the move and some of the challenges in brining the technology to market.
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Wal-Mart Stores Inc. (WMT), valued at $249.58B, opened at $76.79.
Today, shares have traded between $76.73 and $77.16 per share and has traded between $67.37 and $79.96 over the past year.
WMT shares are currently priced at 14.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.98x earnings multiple.
The company pays shareholders $1.88 per share annually in dividends, yielding 2.40%.
Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $1.13 per share, which would be $0.05 better than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.20 would be a $0.18 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $116.75 Billion. If realized, that would be a 2.48% increase over the year-ago quarter.
More recently, UBS Initiated WMT at Buy (Apr 16, 2013). Previously, Stifel Nicolaus upgraded WMT from Hold to Buy.
Given all the information above, we should disclose to readers that the average price target is $81.77, which is 6.49% above than it opened this morning.
Wal-Mart Stores Inc. (NYSE:WMT), operates retail stores worldwide. The company operates in three segments: Walmart U.S., Walmart International and Sam’s Club. It operates retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sams Clubs, neighborhood markets.
Tag Helper ~ Stock Code: WMT | Common Company name: Wal-Mart | Full Company name: Wal-Mart Stores Inc. (NYSE:WMT) .