Walmart (WMT) recently earned a profit of $6.11 per share and has a P/E ratio...

60.1K

Verified Solution

Question

Finance

image
Walmart (WMT) recently earned a profit of $6.11 per share and has a P/E ratio of 16.98. Earnings have been growing at 7.5% per year over the past few years. If this growth continues, what would the stock price be in three years if the P/E ratio remains unchanged? (Round your answer to 2 decimal places. Do not include a dollar sign.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students