$1.08 EPS Expected for Walt Disney Co (NYSE:DIS) This Quarter

Equities research analysts expect that Walt Disney Co (NYSE:DIS) will report $1.08 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Walt Disney’s earnings. The highest EPS estimate is $1.37 and the lowest is $0.92. Walt Disney reported earnings of $1.48 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 27%. The firm is expected to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Walt Disney will report full-year earnings of $6.00 per share for the current financial year, with EPS estimates ranging from $5.63 to $6.55. For the next financial year, analysts forecast that the business will post earnings of $6.21 per share, with EPS estimates ranging from $5.80 to $7.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Walt Disney.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The business had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 EPS.

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $160.00 price objective on Walt Disney and gave the stock a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a report on Wednesday, August 7th. Imperial Capital dropped their target price on Walt Disney from $147.00 to $140.00 and set an “in-line” rating on the stock in a report on Tuesday, August 20th. Loop Capital increased their price target on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, Citigroup restated a “buy” rating and set a $160.00 price target (up from $132.00) on shares of Walt Disney in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company. Walt Disney presently has an average rating of “Buy” and an average target price of $148.22.

NYSE:DIS traded up $0.40 during trading hours on Friday, hitting $136.19. 7,432,606 shares of the company’s stock traded hands, compared to its average volume of 10,458,620. The firm has a market cap of $250.09 billion, a P/E ratio of 19.24, a P/E/G ratio of 4.59 and a beta of 0.97. Walt Disney has a twelve month low of $100.35 and a twelve month high of $147.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The stock’s fifty day moving average price is $138.14 and its two-hundred day moving average price is $131.63.

In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total value of $6,938,540.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,423 shares of company stock worth $21,761,755. Insiders own 0.36% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DIS. Gantzert Investment Co. LLC ADV acquired a new stake in Walt Disney in the 4th quarter worth approximately $2,277,000. Buckingham Capital Management Inc. raised its position in shares of Walt Disney by 0.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 60,000 shares of the entertainment giant’s stock valued at $6,579,000 after purchasing an additional 305 shares during the period. Portfolio Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $43,000. Gs Investments Inc. lifted its stake in shares of Walt Disney by 0.3% in the fourth quarter. Gs Investments Inc. now owns 32,865 shares of the entertainment giant’s stock worth $3,604,000 after buying an additional 110 shares during the last quarter. Finally, Burt Wealth Advisors lifted its stake in shares of Walt Disney by 7.6% in the fourth quarter. Burt Wealth Advisors now owns 4,602 shares of the entertainment giant’s stock worth $505,000 after buying an additional 325 shares during the last quarter. 68.75% of the stock is owned by institutional investors and hedge funds.

About 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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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