Wall Street brokerages expect Walt Disney Co (NYSE:DIS) to report earnings of $1.31 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Walt Disney’s earnings. The highest EPS estimate is $1.36 and the lowest is $1.23. Walt Disney reported earnings of $1.07 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.4%. The firm is expected to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Walt Disney will report full-year earnings of $6.92 per share for the current financial year, with EPS estimates ranging from $6.85 to $6.97. For the next financial year, analysts anticipate that the firm will report earnings of $7.25 per share, with EPS estimates ranging from $6.75 to $7.69. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Walt Disney.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period in the prior year, the company earned $1.58 earnings per share.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a report on Wednesday, August 8th. Imperial Capital increased their price target on shares of Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a report on Wednesday, August 8th. BMO Capital Markets increased their price target on shares of Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. Finally, Bank of America set a $144.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $119.45.
In related news, EVP Brent Woodford sold 768 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the sale, the executive vice president now owns 28,493 shares in the company, valued at approximately $2,973,244.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 140,638 shares of the stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the sale, the executive vice president now owns 160,316 shares in the company, valued at approximately $17,153,812. The disclosure for this sale can be found here. Insiders have sold 710,954 shares of company stock worth $80,620,932 over the last ninety days. Insiders own 0.38% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DIS. HC Financial Advisors Inc. acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $2,797,000. Stone Ridge Asset Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at approximately $3,584,000. Premia Global Advisors LLC acquired a new stake in Walt Disney in the fourth quarter valued at approximately $200,000. Avestar Capital LLC acquired a new stake in Walt Disney in the fourth quarter valued at approximately $108,000. Finally, Two Sigma Advisers LP acquired a new stake in Walt Disney in the fourth quarter valued at approximately $3,210,000. Institutional investors and hedge funds own 63.05% of the company’s stock.
Walt Disney stock opened at $109.26 on Friday. The stock has a market capitalization of $162.79 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.45 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. Walt Disney has a twelve month low of $96.80 and a twelve month high of $117.90.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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