Zacks: Brokerages Anticipate Walt Disney Co (NYSE:DIS) Will Announce Earnings of $1.76 Per Share

Analysts expect Walt Disney Co (NYSE:DIS) to report earnings of $1.76 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Walt Disney’s earnings. The highest EPS estimate is $1.94 and the lowest is $1.67. Walt Disney posted earnings per share of $1.87 in the same quarter last year, which indicates a negative year-over-year growth rate of 5.9%. The firm is scheduled to report its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Walt Disney will report full-year earnings of $6.63 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $7.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.68 per share, with EPS estimates ranging from $6.35 to $7.15. Zacks Investment Research’s earnings per share averages are a mean 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 Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter last year, the company earned $1.84 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Imperial Capital increased their price objective on shares of Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. BMO Capital Markets increased their price objective on shares of Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. BTIG Research raised shares of Walt Disney from a “sell” rating to a “neutral” rating in a report on Monday, April 15th. Finally, Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $146.27.

In other news, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 6,200 shares of Walt Disney stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $141.27, for a total transaction of $875,874.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,961 shares of company stock worth $12,912,520. 0.36% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DIS. BKD Wealth Advisors LLC increased its holdings in shares of Walt Disney by 0.5% in the fourth quarter. BKD Wealth Advisors LLC now owns 38,756 shares of the entertainment giant’s stock worth $4,250,000 after purchasing an additional 189 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of Walt Disney by 8.8% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 4,921 shares of the entertainment giant’s stock worth $539,000 after purchasing an additional 400 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. bought a new stake in Walt Disney during the fourth quarter worth approximately $869,000. Landsberg Bennett & Dubbaneh LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $3,304,000. Finally, Bell Asset Management Ltd increased its stake in Walt Disney by 14.0% during the fourth quarter. Bell Asset Management Ltd now owns 89,636 shares of the entertainment giant’s stock worth $9,829,000 after acquiring an additional 10,986 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Shares of DIS stock traded up $0.34 during trading hours on Friday, reaching $139.64. The stock had a trading volume of 20,077,830 shares, compared to its average volume of 9,133,358. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. Walt Disney has a twelve month low of $100.35 and a twelve month high of $143.51. The company’s 50-day simple moving average is $136.24. The company has a market cap of $251.31 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 3.75 and a beta of 0.97.

The business also recently announced a dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, July 5th. Walt Disney’s payout ratio is 24.86%.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Earnings History and Estimates for Walt Disney (NYSE:DIS)

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