Analysts Expect The Walt Disney Company (NYSE:DIS) to Announce $1.20 EPS

Wall Street brokerages expect The Walt Disney Company (NYSE:DISGet Rating) to announce $1.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Walt Disney’s earnings. The lowest EPS estimate is $0.89 and the highest is $1.37. Walt Disney posted earnings of $0.79 per share during the same quarter last year, which indicates a positive year over year growth rate of 51.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Walt Disney will report full-year earnings of $4.49 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $5.00. For the next year, analysts anticipate that the firm will post earnings of $5.84 per share, with EPS estimates ranging from $5.24 to $6.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Walt Disney.

Walt Disney (NYSE:DISGet Rating) last released its earnings results on Wednesday, February 9th. The entertainment giant reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.49. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $21.20 billion. Walt Disney had a return on equity of 6.26% and a net margin of 4.22%. During the same period in the prior year, the firm posted $0.32 earnings per share.

DIS has been the topic of several research analyst reports. Loop Capital lowered their price target on Walt Disney from $190.00 to $165.00 in a research report on Monday, April 4th. Moffett Nathanson cut their price objective on Walt Disney from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, March 7th. Evercore ISI cut their target price on Walt Disney from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, February 10th. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. Finally, Citigroup decreased their target price on Walt Disney from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $185.04.

In other news, EVP Brent Woodford sold 226 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $132.50, for a total value of $29,945.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter worth approximately $2,290,736,000. MFA Wealth Advisors LLC raised its stake in shares of Walt Disney by 15,362.6% during the third quarter. MFA Wealth Advisors LLC now owns 3,170,599 shares of the entertainment giant’s stock valued at $3,370,000 after acquiring an additional 3,150,094 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Walt Disney by 25.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock valued at $2,092,646,000 after acquiring an additional 2,707,126 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Walt Disney by 106.7% during the first quarter. SG Americas Securities LLC now owns 166,124 shares of the entertainment giant’s stock valued at $22,786,000 after acquiring an additional 2,640,795 shares during the last quarter. Finally, Morgan Stanley raised its stake in Walt Disney by 8.0% during the third quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant’s stock worth $5,970,803,000 after buying an additional 2,628,220 shares during the last quarter. 64.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIS opened at $113.55 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.10. The stock has a 50-day moving average price of $133.15 and a 200 day moving average price of $147.16. Walt Disney has a one year low of $111.01 and a one year high of $187.58. The company has a market capitalization of $206.73 billion, a P/E ratio of 67.59, a P/E/G ratio of 1.09 and a beta of 1.21.

Walt Disney Company Profile (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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