$15.33 Billion in Sales Expected for Walt Disney Co (DIS) This Quarter

Wall Street brokerages expect Walt Disney Co (NYSE:DIS) to announce $15.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Walt Disney’s earnings, with the highest sales estimate coming in at $15.72 billion and the lowest estimate coming in at $15.12 billion. Walt Disney posted sales of $14.78 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The firm is expected to report its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Walt Disney will report full year sales of $15.33 billion for the current financial year, with estimates ranging from $57.72 billion to $60.18 billion. For the next financial year, analysts expect that the business will report sales of $60.60 billion per share, with estimates ranging from $58.97 billion to $61.72 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Walt Disney.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same period in the previous year, the firm earned $1.10 EPS. The company’s revenue was down 2.8% on a year-over-year basis.

Several brokerages have recently issued reports on DIS. FBR & Co reiterated a “hold” rating and issued a $97.00 target price on shares of Walt Disney in a research note on Friday, September 8th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research note on Wednesday, November 1st. Piper Jaffray Companies upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company reissued a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Friday. Finally, Edward Jones cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $113.44.

Walt Disney (DIS) opened at $111.27 on Friday. The stock has a market cap of $168,050.00, a P/E ratio of 18.88, a PEG ratio of 2.29 and a beta of 1.38. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is 29.58%.

Large investors have recently modified their holdings of the stock. Lee Financial Co lifted its holdings in shares of Walt Disney by 7.6% in the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after acquiring an additional 74 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth about $137,000. Malaga Cove Capital LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth about $140,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth about $142,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney in the 1st quarter worth about $144,000. Hedge funds and other institutional investors own 61.51% of the company’s stock.

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Walt Disney Company Profile

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 (NYSE:DIS)

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