Analysts Expect Walt Disney Co (DIS) Will Post Quarterly Sales of $13.81 Billion

Equities analysts expect Walt Disney Co (NYSE:DIS) to report sales of $13.81 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Walt Disney’s earnings, with the highest sales estimate coming in at $13.90 billion and the lowest estimate coming in at $13.75 billion. Walt Disney posted sales of $12.78 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The company is scheduled to announce its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Walt Disney will report full-year sales of $58.86 billion for the current fiscal year, with estimates ranging from $58.32 billion to $59.08 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $60.62 billion per share, with estimates ranging from $60.04 billion to $61.11 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Walt Disney.

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

DIS has been the topic of several recent analyst reports. B. Riley reduced their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. Bank of America set a $144.00 price target on Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 8th. BMO Capital Markets increased their price target on Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, August 8th. Imperial Capital increased their price target on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a report on Wednesday, August 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $119.45.

Shares of DIS stock opened at $109.26 on Friday. Walt Disney has a 1 year low of $96.80 and a 1 year high of $117.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The company has a market cap of $162.79 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.45 and a beta of 1.31.

In other Walt Disney news, EVP Brent Woodford sold 768 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $104.35, for a total transaction of $80,140.80. Following the transaction, the executive vice president now directly owns 28,493 shares in the company, valued at approximately $2,973,244.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan N. Braverman sold 140,638 shares of the firm’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total value of $15,048,266.00. Following the transaction, the executive vice president now owns 160,316 shares in the company, valued at $17,153,812. The disclosure for this sale can be found here. Insiders have sold a total of 710,954 shares of company stock worth $80,620,932 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Phocas Financial Corp. boosted its position in Walt Disney by 989,639.9% during the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares in the last quarter. American Century Companies Inc. boosted its position in Walt Disney by 53.4% during the 1st quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock valued at $362,063,000 after acquiring an additional 1,255,464 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Walt Disney by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after acquiring an additional 1,129,743 shares in the last quarter. Ruffer LLP boosted its position in Walt Disney by 39.1% during the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after acquiring an additional 1,117,959 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in Walt Disney by 10,630.8% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after acquiring an additional 1,013,007 shares in the last quarter. Institutional investors own 63.05% 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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