Analysts forecast that The Walt Disney Company (NYSE:DIS) will post sales of $21.11 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Walt Disney's earnings. The lowest sales estimate is $20.33 billion and the highest is $21.90 billion. Walt Disney posted sales of $16.25 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 29.9%. The business is scheduled to report its next earnings results on Thursday, February 10th.
According to Zacks, analysts expect that Walt Disney will report full year sales of $84.03 billion for the current year, with estimates ranging from $80.95 billion to $86.81 billion. For the next year, analysts forecast that the firm will report sales of $94.15 billion, with estimates ranging from $91.33 billion to $96.76 billion. Zacks Investment Research's sales averages are an average based on a survey of sell-side research analysts that cover Walt Disney.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, November 10th. The entertainment giant reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.13). Walt Disney had a return on equity of 4.86% and a net margin of 2.96%. During the same quarter in the prior year, the business earned ($0.20) earnings per share.
A number of brokerages have recently commented on DIS. Wolfe Research reduced their price target on shares of Walt Disney from $209.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, November 11th. Citigroup reduced their price target on shares of Walt Disney from $230.00 to $210.00 and set a "buy" rating for the company in a research note on Tuesday, November 16th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $230.00 to $220.00 and set an "overweight" rating on the stock in a report on Thursday, November 11th. Loop Capital dropped their price objective on shares of Walt Disney from $205.00 to $190.00 and set a "buy" rating on the stock in a report on Monday, November 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Walt Disney from $203.00 to $196.00 and set an "overweight" rating on the stock in a report on Monday, November 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $196.93.
Several hedge funds have recently added to or reduced their stakes in DIS. Amundi bought a new stake in Walt Disney in the second quarter worth $1,036,444,000. Epoch Investment Partners Inc. increased its position in Walt Disney by 10.4% in the second quarter. Epoch Investment Partners Inc. now owns 504,278 shares of the entertainment giant's stock worth $88,637,000 after purchasing an additional 47,313 shares during the last quarter. Eudaimonia Partners LLC increased its position in Walt Disney by 20.2% in the second quarter. Eudaimonia Partners LLC now owns 17,470 shares of the entertainment giant's stock worth $3,071,000 after purchasing an additional 2,934 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in Walt Disney by 6.0% in the second quarter. Baker Ellis Asset Management LLC now owns 34,082 shares of the entertainment giant's stock worth $5,991,000 after purchasing an additional 1,939 shares during the last quarter. Finally, B&D White Capital Company LLC increased its position in Walt Disney by 4,939.7% in the third quarter. B&D White Capital Company LLC now owns 88,195 shares of the entertainment giant's stock worth $14,919,000 after purchasing an additional 86,445 shares during the last quarter. 64.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DIS stock opened at $154.89 on Monday. The company has a 50 day moving average price of $157.26 and a 200-day moving average price of $170.17. Walt Disney has a 52 week low of $142.04 and a 52 week high of $203.02. The firm has a market capitalization of $281.54 billion, a PE ratio of 142.10, a P/E/G ratio of 1.60 and a beta of 1.18. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 0.52.
Walt Disney Company Profile
The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company's global film and episodic television content production and distribution activities.
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