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Walmart Inc. (WMT) engages in the retail and wholesale operations in various formats worldwide.
The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club.
It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products.
It also provides electronics, cameras and supplies, photo processing services, wireless, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, toys, fabrics, crafts, and seasonal merchandise, as well as brand name merchandise.
In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, wire and money transfers, check cashing, and bill payment. It operates approximately 11,300 stores and various e-commerce Websites under the 58 banners in 27 countries.
The company is schdeuled to report its quarterly results on November 14th. Ahead of that shares are heading higher in an upward trading channel. The 50-day moving average coincides with the lower boundary of the channel. On August 15th, WMT reported 2nd Quarter July 2019 earnings of $1.27 per share on revenue of $130.4 billion. The consensus earnings estimate was $1.22 per share on revenue of $130.5 billion. Revenue grew 1.8% on a year-over-year basis.
The company said it now expects fiscal year earnings to range from a slight decrease to a slight increase from $4.91 per share. The company's previous guidance was for earnings to decline by a low single-digit, or earnings of approximately $4.79 per share, and the current consensus earnings estimate is $4.84 per share for the year ending January 31, 2020.
Entry Point: $119.00
Stop Loss: $115.00
Trading Range: $85.78 to $120.92
Target Price: $130.90
closed at $119.50
