Wall Street analysts expect that Walt Disney Co (NYSE:DIS) will announce sales of $15.90 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Walt Disney’s earnings. The lowest sales estimate is $15.66 billion and the highest is $16.13 billion. Walt Disney posted sales of $14.24 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The business is scheduled to issue its next earnings report on Tuesday, August 14th.
On average, analysts expect that Walt Disney will report full-year sales of $59.78 billion for the current fiscal year, with estimates ranging from $59.34 billion to $60.54 billion. For the next financial year, analysts anticipate that the company will post sales of $61.61 billion per share, with estimates ranging from $60.56 billion to $63.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Walt Disney.
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Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.14. The business had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.11 billion. Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS.
Several research firms have recently issued reports on DIS. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Monday, June 18th. Loop Capital began coverage on shares of Walt Disney in a research note on Thursday, March 15th. They set a “buy” rating and a $130.00 price target for the company. Pivotal Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target for the company. in a research note on Monday, June 18th. Finally, Vetr raised shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $113.13 price target for the company in a research note on Friday, March 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $118.96.
Walt Disney traded down $0.30, hitting $103.96, on Friday, MarketBeat reports. The company had a trading volume of 8,800,308 shares, compared to its average volume of 8,543,369. The company has a market cap of $155.29 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.79. Walt Disney has a 52 week low of $96.20 and a 52 week high of $113.19.
The company also recently announced a semiannual dividend, which will be paid on Thursday, July 26th. Investors of record on Monday, July 9th will be paid a dividend of $0.84 per share. This represents a yield of 1.62%. The ex-dividend date of this dividend is Friday, July 6th. This is an increase from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s dividend payout ratio (DPR) is currently 29.47%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lucas Capital Management acquired a new stake in Walt Disney in the fourth quarter worth $220,000. Parsons Capital Management Inc. RI grew its holdings in Walt Disney by 14.5% in the fourth quarter. Parsons Capital Management Inc. RI now owns 32,668 shares of the entertainment giant’s stock worth $3,512,000 after purchasing an additional 4,130 shares during the period. Kovack Advisors Inc. acquired a new stake in Walt Disney in the fourth quarter worth $1,623,000. Wealthstreet Investment Advisors LLC acquired a new stake in Walt Disney in the fourth quarter worth $10,150,000. Finally, Rothschild Investment Corp IL grew its holdings in Walt Disney by 36.7% in the fourth quarter. Rothschild Investment Corp IL now owns 40,931 shares of the entertainment giant’s stock worth $4,400,000 after purchasing an additional 10,981 shares during the period. 63.46% 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 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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