Brokerages expect Walt Disney Co (NYSE:DIS) to report $13.81 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Walt Disney’s earnings, with the lowest sales estimate coming in at $13.75 billion and the highest estimate coming in at $13.90 billion. Walt Disney posted sales of $12.78 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Walt Disney will report full year sales of $58.86 billion for the current year, with estimates ranging from $58.32 billion to $59.08 billion. For the next year, analysts expect that the company will post sales of $60.62 billion per share, with estimates ranging from $60.04 billion to $61.11 billion. Zacks Investment Research’s 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, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same quarter last year, the business earned $1.58 EPS.
DIS has been the subject of a number of research analyst reports. Imperial Capital raised their target price on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Royal Bank of Canada restated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research note on Wednesday, August 8th. B. Riley reduced their target price on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Finally, BMO Capital Markets raised their target price on Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $119.45.
In related news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the transaction, the chairman now owns 1,498,871 shares in the company, valued at approximately $172,370,165. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan N. Braverman sold 140,638 shares of Walt Disney stock in a transaction dated Wednesday, July 11th. The shares were sold at an average price of $107.00, for a total value of $15,048,266.00. Following the completion of the transaction, the executive vice president now owns 160,316 shares of the company’s stock, valued at approximately $17,153,812. The disclosure for this sale can be found here. Insiders have sold a total of 710,954 shares of company stock valued at $80,620,932 in the last quarter. Company insiders own 0.38% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Trilogy Capital Inc. purchased a new position in shares of Walt Disney in the 1st quarter valued at about $107,000. CSat Investment Advisory L.P. purchased a new position in shares of Walt Disney in the 2nd quarter valued at about $112,000. Live Your Vision LLC boosted its holdings in Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after buying an additional 500 shares during the last quarter. BDO Wealth Advisors LLC boosted its holdings in Walt Disney by 184.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after buying an additional 739 shares during the last quarter. Finally, Bruderman Asset Management LLC acquired a new stake in Walt Disney in the 1st quarter worth about $116,000. Hedge funds and other institutional investors own 63.05% of the company’s stock.
Shares of DIS stock opened at $109.26 on Friday. The firm has a market capitalization of $162.79 billion, a P/E ratio of 16.41, a PEG ratio of 1.45 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Walt Disney has a 1 year low of $96.80 and a 1 year high of $117.90.
Walt Disney Company Profile
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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