Walt Disney (NYSE:DIS - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.700-4.700 for the period, compared to the consensus earnings per share estimate of 4.370. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Daiwa Capital Markets restated a buy rating and issued a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Barclays lowered their price target on Walt Disney from $135.00 to $130.00 and set an overweight rating on the stock in a research report on Wednesday. Wells Fargo & Company increased their price objective on Walt Disney from $128.00 to $141.00 and gave the company an overweight rating in a report on Tuesday, April 23rd. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an overweight rating in a report on Monday, March 4th. Finally, UBS Group dropped their price target on shares of Walt Disney from $140.00 to $130.00 and set a buy rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of Moderate Buy and an average price target of $126.46.
View Our Latest Research Report on DIS
Walt Disney Stock Performance
Shares of DIS traded up $0.07 during midday trading on Wednesday, reaching $105.46. 15,221,881 shares of the stock were exchanged, compared to its average volume of 12,100,998. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company has a market cap of $193.45 billion, a P/E ratio of 65.10, a PEG ratio of 1.39 and a beta of 1.40. The stock's 50 day simple moving average is $114.59 and its 200 day simple moving average is $101.21.
Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Walt Disney will post 4.7 earnings per share for the current year.
Insider Transactions at Walt Disney
In related news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company's stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.
About Walt Disney
(
Get Free Report)
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.
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