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%.
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.
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