$14.12 Billion in Sales Expected for Walt Disney Co (DIS) This Quarter

Wall Street analysts expect Walt Disney Co (NYSE:DIS) to post $14.12 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Walt Disney’s earnings, with the highest sales estimate coming in at $14.42 billion and the lowest estimate coming in at $13.72 billion. Walt Disney posted sales of $13.34 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The company is scheduled to report its next earnings report on Tuesday, May 8th.

On average, analysts expect that Walt Disney will report full year sales of $14.12 billion for the current year, with estimates ranging from $58.14 billion to $60.03 billion. For the next year, analysts forecast that the firm will post sales of $60.63 billion per share, with estimates ranging from $59.74 billion to $62.63 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Walt Disney.

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Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share.

A number of analysts recently weighed in on the stock. Rosenblatt Securities restated a “hold” rating and set a $115.00 target price on shares of Walt Disney in a research note on Monday, December 4th. Loop Capital restated a “buy” rating and set a $106.00 target price on shares of Walt Disney in a research note on Monday, December 11th. Pivotal Research upped their target price on shares of Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research note on Thursday, December 14th. Piper Jaffray set a $125.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Wells Fargo restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Walt Disney presently has an average rating of “Buy” and a consensus price target of $118.80.

In other Walt Disney news, Director Aylwin B. Lewis sold 1,797 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $108.39, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Avestar Capital LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $108,000. Icon Wealth Partners LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $116,000. Almanack Investment Partners LLC. acquired a new stake in shares of Walt Disney during the fourth quarter worth $118,000. Front Row Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $122,000. Finally, Legacy Advisors LLC acquired a new stake in shares of Walt Disney during the third quarter worth $137,000. 62.63% of the stock is owned by institutional investors and hedge funds.

NYSE:DIS traded down $1.78 on Wednesday, reaching $98.66. 8,203,192 shares of the company’s stock were exchanged, compared to its average volume of 8,252,735. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The firm has a market capitalization of $151,029.22, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30. Walt Disney has a 52-week low of $96.20 and a 52-week high of $116.10.

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About Walt Disney

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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