Walt Disney (NYSE:DIS) Issues Earnings Results, Beats Estimates By $0.09 EPS

Walt Disney (NYSE:DIS - Get Free Report) posted its quarterly earnings data on Tuesday. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09, Briefing.com reports. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same quarter last year, the business posted $0.93 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Walt Disney updated its FY24 guidance to ~$4.70 EPS.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.07 on Wednesday, hitting $105.46. 15,221,881 shares of the company traded hands, compared to its average volume of 12,100,998. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The firm's 50-day simple moving average is $114.59 and its 200 day simple moving average is $101.21. The company has a market cap of $193.45 billion, a P/E ratio of 65.10, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company's stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on DIS shares. Barclays dropped their price target on Walt Disney from $135.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday. Rosenblatt Securities boosted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Argus lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. The Goldman Sachs Group dropped their price objective on Walt Disney from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Finally, Loop Capital increased their price target on Walt Disney from $113.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.46.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.