Walt Disney (DIS) Releases Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Walt Disney (NYSE:DIS) released its quarterly earnings results on Tuesday. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.28, Bloomberg Earnings reports. Walt Disney had a return on equity of 20.55% and a net margin of 19.61%. The company had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Walt Disney (NYSE:DIS) opened at $104.76 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. Walt Disney has a 1 year low of $96.20 and a 1 year high of $116.10. The firm has a market capitalization of $158,220.00, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.85 and a beta of 1.30.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 23.86%.

Large investors have recently added to or reduced their stakes in the stock. Krilogy Financial LLC lifted its stake in Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after acquiring an additional 166 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Walt Disney by 34.3% in the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after acquiring an additional 3,923 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Walt Disney in the 2nd quarter worth about $170,000. Almanack Investment Partners LLC. purchased a new stake in Walt Disney in the 2nd quarter worth about $198,000. Finally, AIMZ Investment Advisors LLC lifted its stake in Walt Disney by 8.1% in the 2nd quarter. AIMZ Investment Advisors LLC now owns 2,001 shares of the entertainment giant’s stock worth $213,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 61.58% of the company’s stock.

Several research analysts have recently issued reports on DIS shares. Macquarie raised Walt Disney from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, January 2nd. Goldman Sachs Group increased their price target on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Pivotal Research reissued a “sell” rating and issued a $93.00 price target (up previously from $91.00) on shares of Walt Disney in a research note on Tuesday, January 9th. Loop Capital reissued a “buy” rating and issued a $106.00 price target on shares of Walt Disney in a research note on Monday, December 11th. Finally, Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average target price of $118.50.

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Walt Disney Company Profile

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.

Earnings History for Walt Disney (NYSE:DIS)

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