Brokerages expect Walt Disney Co (NYSE:DIS) to report sales of $14.12 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Walt Disney’s earnings, with estimates ranging from $13.72 billion to $14.42 billion. Walt Disney posted sales of $13.34 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Walt Disney will report full-year sales of $14.12 billion for the current year, with estimates ranging from $58.14 billion to $60.03 billion. For the next financial year, analysts forecast that the company will report sales of $60.63 billion per share, with estimates ranging from $59.74 billion to $62.63 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Walt Disney.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.28. The company had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 earnings per share.
Shares of Walt Disney (DIS) opened at $104.73 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market cap of $157,480.00, a P/E ratio of 17.48, a P/E/G ratio of 1.79 and a beta of 1.30. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $108.39, for a total transaction of $194,776.83. Following the completion of the transaction, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. purchased a new stake in Walt Disney during the second quarter valued at $925,000. Icon Wealth Partners LLC purchased a new stake in Walt Disney during the fourth quarter valued at $116,000. Almanack Investment Partners LLC. purchased a new stake in Walt Disney during the fourth quarter valued at $118,000. Front Row Advisors LLC purchased a new stake in Walt Disney during the fourth quarter valued at $122,000. Finally, Avestar Capital LLC purchased a new stake in Walt Disney during the fourth quarter valued at $108,000. Hedge funds and other institutional investors own 61.65% of the company’s stock.
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About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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