Market Update (NYSE:WMT): Walmart Will Hold Annual Shareholders’ Meeting on June 3; Company Updates Fiscal 2017 Earnings Release Dates

[Business Wire] – Wal-Mart Stores, Inc. announced that the company’s 2016 Annual Shareholders’ Meeting will be held on Friday, June 3, 2016, at 8:00 a.m. CDT in the Bud Walton Arena at the University of Arkansas in Fayetteville, Ark. Read more on this. Wal-Mart Stores Inc. (WMT) , valued at $219.60B, ended trading yesterday at $67.97. Looking at the equity, the company’s one day range is $67.97 to $68.68 with a one year range of $56.30 to $83.71. WMT shares are currently priced at 16.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.78x earnings multiple. And for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.99%. According to a consensus of 24 analysts, the earnings estimate of $0.88 per share would be $0.15 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.12 is a $0.47 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $113.31 Billion. If reported, that would be a 1.32% decrease over the year-ago quarter. In terms of ratings, Northcoast upgraded WMT from Neutral to Buy (Nov 13, 2015). Previously, Citigroup Initiated WMT at to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $63.92, which is 5.96% below where the stock opened this morning. See more in (NYSE:WMT) Similar Articles: Company Update (NYSE:WMT): Walmart, Coca-Cola, Nestlé and PepsiCo Come Together to Provide Flint, Mich., Public Schools with Water for Students Through the End of the Year Market Update: McKesson Corporation (NYSE:MCK) – McKesson Announces Fiscal 2016 Earnings Update and Preliminary Fiscal 2017 Outlook Market Update: Wal-Mart Stores Inc (NYSE:WMT) – Wal-Mart Stores, Inc. to Webcast 22nd Annual Meeting for the Investment Community