Walt Disney (DIS) to Release Quarterly Earnings on Wednesday

Walt Disney (NYSE:DISGet Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 11th. Analysts expect Walt Disney to post earnings of $1.21 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Walt Disney (NYSE:DISGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The entertainment giant reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.49. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations 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 business posted $0.32 earnings per share. On average, analysts expect Walt Disney to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of DIS stock opened at $113.55 on Wednesday. The stock’s fifty day moving average is $133.15 and its 200-day moving average is $147.16. 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 market capitalization of $206.73 billion, a PE ratio of 67.59, a PEG ratio of 1.09 and a beta of 1.21. Walt Disney has a 52 week low of $111.01 and a 52 week high of $187.58.

In other Walt Disney news, EVP Brent Woodford sold 226 shares of Walt Disney stock in a transaction on Thursday, March 10th. The stock was 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 Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its position in shares of Walt Disney by 1.9% in the 2nd quarter. Morgan Stanley now owns 32,666,477 shares of the entertainment giant’s stock valued at $5,741,785,000 after buying an additional 595,313 shares during the last quarter. Comerica Bank boosted its position in shares of Walt Disney by 81.2% during the 3rd quarter. Comerica Bank now owns 741,559 shares of the entertainment giant’s stock valued at $127,203,000 after purchasing an additional 332,373 shares in the last quarter. Heritage Wealth Advisors boosted its position in shares of Walt Disney by 10.1% during the 4th quarter. Heritage Wealth Advisors now owns 114,401 shares of the entertainment giant’s stock valued at $17,720,000 after purchasing an additional 10,496 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $195,000. Finally, Privium Fund Management UK Ltd acquired a new position in Walt Disney during the 4th quarter worth approximately $1,305,000. Institutional investors and hedge funds own 64.17% of the company’s stock.

DIS has been the topic of several research analyst reports. Citigroup decreased their target price on Walt Disney from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Tigress Financial restated a “buy” rating and set a $229.00 target price on shares of Walt Disney in a report on Friday, April 1st. Atlantic Securities decreased their target price on Walt Disney from $172.00 to $167.00 and set a “neutral” rating on the stock in a report on Thursday, February 10th. Loop Capital decreased their target price on Walt Disney from $190.00 to $165.00 in a report on Monday, April 4th. Finally, JPMorgan Chase & Co. decreased their price target on Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Buy” and an average target price of $185.04.

About Walt Disney (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.

Further Reading

Earnings History for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.