Brokerages expect Walt Disney Co (NYSE:DIS) to report sales of $14.12 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Walt Disney’s earnings, with estimates ranging from $13.72 billion to $14.42 billion. Walt Disney posted sales of $13.34 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Walt Disney will report full-year sales of $14.12 billion for the current year, with estimates ranging from $58.14 billion to $60.03 billion. For the next financial year, analysts forecast that the company will report sales of $60.63 billion per share, with estimates ranging from $59.74 billion to $62.63 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Walt Disney.
Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis.
A number of brokerages have weighed in on DIS. Zacks Investment Research upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Friday, February 16th. Vetr lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 target price on the stock. in a research report on Tuesday, February 13th. BMO Capital Markets raised their target price on shares of Walt Disney from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Jefferies Group restated a “hold” rating and issued a $112.00 target price on shares of Walt Disney in a research report on Wednesday, February 7th. Finally, B. Riley raised their target price on shares of Walt Disney from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $118.59.
Shares of Walt Disney (NYSE:DIS) traded up $2.01 during trading on Thursday, reaching $107.25. 6,014,657 shares of the company’s stock were exchanged, compared to its average volume of 8,750,000. Walt Disney has a 1 year low of $96.20 and a 1 year high of $116.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The firm has a market capitalization of $161,270.00, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.83 and a beta of 1.30.
A number of hedge funds have recently added to or reduced their stakes in the stock. Avestar Capital LLC bought a new stake in Walt Disney in the 4th quarter worth about $108,000. Icon Wealth Partners LLC bought a new stake in Walt Disney in the 4th quarter worth about $116,000. Almanack Investment Partners LLC. bought a new stake in Walt Disney in the 4th quarter worth about $118,000. Front Row Advisors LLC bought a new stake in Walt Disney in the 4th quarter worth about $122,000. Finally, Legacy Advisors LLC purchased a new position in Walt Disney in the third quarter valued at about $137,000. Institutional investors and hedge funds own 61.23% of the company’s stock.
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About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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