Equities research analysts predict that Walt Disney Company (The) (NYSE:DIS) will announce $14.44 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Walt Disney Company (The)’s earnings, with estimates ranging from $14.30 billion to $14.74 billion. Walt Disney Company (The) posted sales of $14.28 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, August 8th.

According to Zacks, analysts expect that Walt Disney Company (The) will report full-year sales of $14.44 billion for the current fiscal year, with estimates ranging from $55.86 billion to $56.76 billion. For the next fiscal year, analysts forecast that the business will report sales of $59.75 billion per share, with estimates ranging from $59.21 billion to $60.83 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Walt Disney Company (The).

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The business had revenue of $13.34 billion during the quarter, compared to the consensus estimate of $13.44 billion. During the same period in the prior year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.

DIS has been the subject of a number of research analyst reports. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $134.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Vetr upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $118.01 price target for the company in a research note on Monday, April 10th. Guggenheim reiterated a “buy” rating and issued a $128.00 price target on shares of Walt Disney Company (The) in a research note on Tuesday, April 11th. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 price target (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $115.95.

In other Walt Disney Company (The) news, Director Susan E. Arnold sold 12,143 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the transaction, the director now owns 48,673 shares in the company, valued at $5,306,330.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DIS. HM Capital Management LLC boosted its position in Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after buying an additional 14 shares during the period. Fox Run Management L.L.C. bought a new position in Walt Disney Company (The) during the first quarter worth approximately $1,270,000. Triangle Securities Wealth Management boosted its position in Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 135 shares during the last quarter. Kentucky Retirement Systems bought a new position in Walt Disney Company (The) during the fourth quarter worth approximately $11,073,000. Finally, Davidson Kempner Capital Management LP bought a new position in Walt Disney Company (The) during the fourth quarter worth approximately $20,844,000. Institutional investors and hedge funds own 62.35% of the company’s stock.

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Shares of Walt Disney Company (NYSE DIS) opened at 107.69 on Monday. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The firm has a 50-day moving average of $106.01 and a 200-day moving average of $109.39. The company has a market capitalization of $168.52 billion, a P/E ratio of 18.78 and a beta of 1.40.

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.18%.

About Walt Disney Company (The)

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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Earnings History and Estimates for Walt Disney Company (The) (NYSE:DIS)

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