Zacks: Brokerages Anticipate Walt Disney Co (DIS) to Post $1.31 Earnings Per Share

Analysts expect Walt Disney Co (NYSE:DIS) to report earnings of $1.31 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Walt Disney’s earnings, with estimates ranging from $1.23 to $1.36. Walt Disney reported earnings of $1.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 22.4%. The firm is scheduled to report its next earnings report after the market closes on Thursday, November 8th.

According to Zacks, analysts expect that Walt Disney will report full year earnings of $6.92 per share for the current year, with EPS estimates ranging from $6.85 to $6.97. For the next financial year, analysts anticipate that the company will post earnings of $7.25 per share, with EPS estimates ranging from $6.75 to $7.70. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Walt Disney.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the company earned $1.58 EPS.

DIS has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Wednesday, August 8th. Bank of America set a $144.00 target price on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 8th. B. Riley decreased their target price on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Imperial Capital boosted their target price on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $119.77.

DIS stock traded down $0.95 on Thursday, reaching $116.18. 6,056,200 shares of the company’s stock were exchanged, compared to its average volume of 7,895,607. Walt Disney has a twelve month low of $96.89 and a twelve month high of $118.10. The firm has a market capitalization of $173.92 billion, a PE ratio of 20.38, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81.

In other news, EVP Brent Woodford sold 843 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $113.56, for a total value of $95,731.08. Following the sale, the executive vice president now directly owns 27,650 shares in the company, valued at $3,139,934. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mary Jayne Parker sold 130,074 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $114.99, for a total value of $14,957,209.26. Following the completion of the sale, the executive vice president now owns 43,048 shares in the company, valued at $4,950,089.52. The disclosure for this sale can be found here. Insiders sold 599,701 shares of company stock worth $69,049,384 over the last 90 days. Company insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carret Asset Management LLC lifted its position in Walt Disney by 0.5% during the second quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock worth $9,589,000 after buying an additional 450 shares during the period. Beaton Management Co. Inc. increased its stake in Walt Disney by 1.9% during the second quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock worth $2,551,000 after acquiring an additional 450 shares during the last quarter. Fairfield Bush & CO. increased its stake in Walt Disney by 2.3% during the second quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock worth $2,069,000 after acquiring an additional 450 shares during the last quarter. Wealth Architects LLC increased its stake in Walt Disney by 18.0% during the third quarter. Wealth Architects LLC now owns 2,968 shares of the entertainment giant’s stock worth $347,000 after acquiring an additional 452 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in Walt Disney by 0.8% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock worth $5,916,000 after acquiring an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 63.04% of the company’s stock.

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 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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