Zacks: Brokerages Anticipate The Walt Disney Company (NYSE:DIS) Will Post Quarterly Sales of $20.25 Billion

Equities research analysts expect that The Walt Disney Company (NYSE:DIS – Get Rating) will post sales of $20.25 billion for the current quarter, according to Zacks. Twelve analysts have provided estimates for Walt Disney’s earnings. The highest sales estimate is $21.02 billion and the lowest is $19.68 billion. Walt Disney posted sales of $15.61 billion during the same quarter last year, which suggests a positive year over year growth rate of 29.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Walt Disney will report full-year sales of $84.98 billion for the current year, with estimates ranging from $80.95 billion to $87.31 billion. For the next year, analysts anticipate that the firm will report sales of $95.04 billion, with estimates ranging from $91.33 billion to $96.99 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Walt Disney.

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

A number of brokerages recently commented on DIS. Guggenheim boosted their target price on shares of Walt Disney from $165.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, February 10th. BMO Capital Markets upped their price objective on shares of Walt Disney from $165.00 to $175.00 and gave the company a “market perform” rating in a research note on Thursday, February 10th. Loop Capital decreased their price objective on shares of Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. Citigroup decreased their price objective on shares of Walt Disney from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 17th. Finally, Rosenblatt Securities began coverage on shares of Walt Disney in a research note on Tuesday, April 19th. They issued a “buy” rating and a $177.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $185.04.

In other Walt Disney 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 transaction of $29,945.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nikko Asset Management Americas Inc. grew its position in shares of Walt Disney by 0.8% in the third quarter. Nikko Asset Management Americas Inc. now owns 832,277 shares of the entertainment giant’s stock valued at $141,903,000 after purchasing an additional 6,721 shares during the last quarter. Avidian Wealth Solutions LLC grew its position in shares of Walt Disney by 35.8% in the third quarter. Avidian Wealth Solutions LLC now owns 13,651 shares of the entertainment giant’s stock valued at $2,309,000 after purchasing an additional 3,599 shares during the last quarter. Del Sette Capital Management LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $316,000. Nations Financial Group Inc. IA ADV boosted its position in Walt Disney by 28.5% during the third quarter. Nations Financial Group Inc. IA ADV now owns 16,119 shares of the entertainment giant’s stock worth $2,727,000 after acquiring an additional 3,576 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its position in Walt Disney by 7.8% during the fourth quarter. Sarasin & Partners LLP now owns 1,853,063 shares of the entertainment giant’s stock worth $287,021,000 after acquiring an additional 133,352 shares during the last quarter. Institutional investors own 64.17% of the company’s stock.

Shares of DIS stock opened at $112.61 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $131.75 and a 200 day moving average price of $146.51. The company has a market cap of $205.02 billion, a P/E ratio of 67.03, a PEG ratio of 1.11 and a beta of 1.21. Walt Disney has a 12 month low of $111.01 and a 12 month high of $187.58.

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.

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