Zacks: Analysts Expect The Walt Disney Company (NYSE:DIS) to Post $1.15 Earnings Per Share

Analysts expect The Walt Disney Company (NYSE:DISGet Rating) to report earnings of $1.15 per share for the current quarter, according to Zacks. Twelve analysts have issued estimates for Walt Disney’s earnings, with estimates ranging from $0.57 to $1.81. Walt Disney posted earnings per share of $0.80 in the same quarter last year, which suggests a positive year over year growth rate of 43.8%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Walt Disney will report full year earnings of $4.22 per share for the current year, with EPS estimates ranging from $3.04 to $4.88. For the next year, analysts expect that the business will post earnings of $5.66 per share, with EPS estimates ranging from $4.81 to $6.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Walt Disney.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same quarter in the previous year, the firm earned $0.79 earnings per share.

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their price target on shares of Walt Disney from $210.00 to $176.00 in a report on Thursday, May 12th. Rosenblatt Securities initiated coverage on shares of Walt Disney in a research note on Tuesday, April 19th. They set a “buy” rating and a $177.00 price objective for the company. Tigress Financial reiterated a “buy” rating and set a $229.00 price objective on shares of Walt Disney in a research note on Friday, April 1st. Daiwa Capital Markets reduced their price objective on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of Walt Disney from $182.00 to $153.00 in a research note on Thursday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $172.12.

NYSE:DIS opened at $101.59 on Wednesday. Walt Disney has a one year low of $99.47 and a one year high of $187.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $184.96 billion, a P/E ratio of 70.06, a P/E/G ratio of 1.15 and a beta of 1.21. The firm has a 50-day simple moving average of $123.34 and a 200-day simple moving average of $140.49.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GeoWealth Management LLC purchased a new stake in Walt Disney during the third quarter worth $25,000. Syverson Strege & Co raised its position in Walt Disney by 384.8% during the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock worth $25,000 after acquiring an additional 127 shares during the period. Sandy Cove Advisors LLC acquired a new position in Walt Disney during the fourth quarter worth $27,000. Clear Perspectives Financial Planning LLC raised its position in Walt Disney by 126.3% during the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after acquiring an additional 101 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in Walt Disney during the fourth quarter worth $31,000. 64.17% of the stock is currently owned by hedge funds and other institutional investors.

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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