Analysts expect Walt Disney Co (NYSE:DIS) to report earnings of $1.60 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Walt Disney’s earnings, with estimates ranging from $1.57 to $1.64. Walt Disney posted earnings per share of $1.89 during the same quarter last year, which indicates a negative year over year growth rate of 15.3%. The company is expected to announce its next earnings report on Tuesday, February 5th.
On average, analysts expect that Walt Disney will report full year earnings of $7.04 per share for the current year, with EPS estimates ranging from $6.75 to $7.25. For the next financial year, analysts expect that the firm will report earnings of $7.40 per share, with EPS estimates ranging from $7.21 to $7.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Walt Disney.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Walt Disney’s revenue for the quarter was up 11.9% on a year-over-year basis.
DIS has been the subject of a number of research reports. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Imperial Capital raised shares of Walt Disney from an “in-line” rating to an “outperform” rating and upped their target price for the company from $113.00 to $129.00 in a report on Tuesday, November 27th. Loop Capital upped their target price on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. Wolfe Research initiated coverage on shares of Walt Disney in a report on Friday. They issued an “outperform” rating for the company. Finally, Argus upped their target price on shares of Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $122.39.
In related news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 961 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $117.06, for a total transaction of $112,494.66. Following the transaction, the executive vice president now directly owns 25,737 shares of the company’s stock, valued at $3,012,773.22. The disclosure for this sale can be found here. Insiders have sold 77,886 shares of company stock valued at $9,284,819 over the last three months. 0.38% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new position in Walt Disney in the third quarter valued at about $107,000. CSat Investment Advisory L.P. purchased a new position in Walt Disney in the second quarter valued at about $112,000. Live Your Vision LLC increased its holdings in Walt Disney by 91.6% in the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after buying an additional 500 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Walt Disney in the second quarter valued at about $121,000. Finally, Fort L.P. purchased a new position in Walt Disney in the second quarter valued at about $121,000. 62.99% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DIS opened at $111.98 on Wednesday. Walt Disney has a one year low of $97.68 and a one year high of $120.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market capitalization of $170.20 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.
The company also recently declared a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be issued a dividend of $0.88 per share. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. Walt Disney’s dividend payout ratio is currently 23.73%.
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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