Analysts expect Walt Disney Company (The) (NYSE:DIS) to post sales of $13.49 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Walt Disney Company (The)’s earnings, with estimates ranging from $13.23 billion to $13.80 billion. Walt Disney Company (The) reported sales of $13.14 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The company is scheduled to report its next quarterly earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Walt Disney Company (The) will report full-year sales of $13.49 billion for the current year, with estimates ranging from $55.58 billion to $56.45 billion. For the next year, analysts expect that the business will post sales of $59.53 billion per share, with estimates ranging from $59.07 billion to $60.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Walt Disney Company (The).
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share.
A number of equities research analysts recently commented on DIS shares. BidaskClub upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney Company (The) in a research report on Sunday, May 28th. Macquarie downgraded Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $90.32 to $105.00 in a research report on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Finally, Piper Jaffray Companies set a $130.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $114.61.
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In related news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Elena Lagomasino bought 976 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
Institutional investors have recently modified their holdings of the company. USA Financial Portformulas Corp purchased a new position in shares of Walt Disney Company (The) during the second quarter worth about $2,860,000. Farmers National Bank raised its position in shares of Walt Disney Company (The) by 3.7% in the second quarter. Farmers National Bank now owns 3,232 shares of the entertainment giant’s stock worth $343,000 after buying an additional 115 shares during the period. Hall Laurie J Trustee raised its position in shares of Walt Disney Company (The) by 1.4% in the second quarter. Hall Laurie J Trustee now owns 16,595 shares of the entertainment giant’s stock worth $1,763,000 after buying an additional 225 shares during the period. RNC Capital Management LLC raised its position in shares of Walt Disney Company (The) by 2.2% in the second quarter. RNC Capital Management LLC now owns 29,393 shares of the entertainment giant’s stock worth $3,123,000 after buying an additional 644 shares during the period. Finally, Sentry Investment Management LLC raised its position in shares of Walt Disney Company (The) by 1.0% in the second quarter. Sentry Investment Management LLC now owns 116,061 shares of the entertainment giant’s stock worth $12,331,000 after buying an additional 1,163 shares during the period. Institutional investors own 62.34% of the company’s stock.
Walt Disney Company (NYSE DIS) traded up 0.88% on Friday, reaching $102.41. The company had a trading volume of 6,186,933 shares. The stock has a market capitalization of $158.07 billion, a P/E ratio of 18.16 and a beta of 1.40. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10. The stock’s 50-day moving average price is $104.96 and its 200-day moving average price is $108.67.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Stockholders of record on Monday, July 10th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.
Walt Disney Company (The) 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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