Wall Street brokerages expect that The Walt Disney Company (NYSE:DIS) will post $15.69 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for The Walt Disney’s earnings, with the lowest sales estimate coming in at $15.33 billion and the highest estimate coming in at $16.13 billion. The Walt Disney posted sales of $14.24 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that The Walt Disney will report full year sales of $59.56 billion for the current year, with estimates ranging from $59.21 billion to $60.54 billion. For the next year, analysts expect that the firm will post sales of $61.26 billion per share, with estimates ranging from $60.21 billion to $63.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Walt Disney.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.14. The business had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.11 billion. The Walt Disney had a return on equity of 21.13% and a net margin of 20.16%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS.
A number of analysts recently weighed in on DIS shares. B. Riley boosted their target price on The Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Vetr cut The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $115.49 target price on the stock. in a research note on Tuesday, February 6th. Macquarie set a $125.00 price target on The Walt Disney and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research raised The Walt Disney from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Friday, February 16th. Finally, Loop Capital assumed coverage on The Walt Disney in a research note on Thursday, March 15th. They issued a “buy” rating and a $130.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $118.56.
In other The Walt Disney news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the transaction, the director now directly owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of DIS. Geode Capital Management LLC lifted its position in The Walt Disney by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 16,886,345 shares of the entertainment giant’s stock valued at $1,811,851,000 after purchasing an additional 61,296 shares during the period. Franklin Resources Inc. grew its stake in The Walt Disney by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 13,496,173 shares of the entertainment giant’s stock worth $1,450,978,000 after acquiring an additional 194,342 shares during the period. Clearbridge Investments LLC grew its stake in The Walt Disney by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 8,518,119 shares of the entertainment giant’s stock worth $915,783,000 after acquiring an additional 129,750 shares during the period. Legal & General Group Plc grew its stake in The Walt Disney by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock worth $806,872,000 after acquiring an additional 300,973 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of The Walt Disney by 2.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 7,237,916 shares of the entertainment giant’s stock valued at $778,148,000 after buying an additional 182,031 shares during the period. 63.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DIS traded down $1.18 during trading hours on Friday, reaching $102.89. 8,046,577 shares of the company’s stock traded hands, compared to its average volume of 8,238,495. The company has a market cap of $155.10 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The Walt Disney has a 12 month low of $96.20 and a 12 month high of $113.19.
About The 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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