Company Update (NYSE:WMT): Walmart Introduces Walmart Pay in Arizona

[Business Wire] – Walmart knows customers want to save not just money, but also time. That’s why Walmart introduced Walmart Pay – a safe, easy, convenient way for customers to pay with their smartphones in Walmart stores. Read more on this. Wal-Mart Stores Inc. (WMT) , currently valued at $227.58B, opened at $72.57. Looking at the stock, its one day range is $72.32 to $73.19 with its 52-week range being $56.30 to $74.14. WMT shares are currently priced at 17.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.53x earnings multiple. The company pays shareholders $2.00 per share annually in dividends, yielding 2.78%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.02 per share, which would be $0.06 worse than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $4.26 is a $0.33 setback 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 $120.08 Billion. If realized, that would be a 0.12% decrease over the year-ago quarter. Recently, Jefferies upgraded WMT from Hold to Buy (Jun 6, 2016). Previously, RBC Capital Mkts Initiated WMT at to Underperform. Investors should keep in mind is that the average price target is $69.11, which is 4.77% below where the stock opened this morning. See more in (NYSE:WMT) Similar Articles: Stock Update (NYSE:WMT): Walmart Introduces Walmart Pay in Missouri Company Update: Wal-Mart Stores Inc (NYSE:WMT) – Walmart Introduces Walmart Pay in Alabama Company Update (NYSE:WMT): Walmart’s Family of Cards Makes it as Easy as 3-2-1 to Manage Finances for Less