$1.68 EPS Expected for The Walt Disney Company (DIS) This Quarter

Wall Street brokerages expect that The Walt Disney Company (NYSE:DIS) will post $1.68 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for The Walt Disney’s earnings. The highest EPS estimate is $1.76 and the lowest is $1.60. The Walt Disney posted earnings of $1.50 per share during the same quarter last year, which indicates a positive year over year growth rate of 12%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that The Walt Disney will report full-year earnings of $6.92 per share for the current fiscal year, with EPS estimates ranging from $6.65 to $7.07. For the next financial year, analysts expect that the firm will post earnings of $7.48 per share, with EPS estimates ranging from $6.79 to $7.96. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for The Walt Disney.

The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. The Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS.

DIS has been the topic of several recent research reports. Vetr raised shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 price objective on the stock in a report on Tuesday, January 16th. Bank of America reaffirmed a “buy” rating and issued a $144.00 price objective (up from $130.00) on shares of The Walt Disney in a report on Wednesday, January 10th. Rosenblatt Securities raised shares of The Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Credit Suisse Group reaffirmed a “buy” rating on shares of The Walt Disney in a report on Friday, December 22nd. Finally, Macquarie set a $125.00 price target on shares of The Walt Disney and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $118.66.

In other news, Director Aylwin B. Lewis sold 1,797 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now directly owns 85,636 shares in the company, valued at $9,282,086.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lucas Capital Management acquired a new stake in The Walt Disney during the fourth quarter worth about $220,000. Parsons Capital Management Inc. RI increased its position in The Walt Disney by 14.5% during the fourth quarter. Parsons Capital Management Inc. RI now owns 32,668 shares of the entertainment giant’s stock worth $3,512,000 after purchasing an additional 4,130 shares during the last quarter. Wealthstreet Investment Advisors LLC acquired a new stake in The Walt Disney during the fourth quarter worth about $10,150,000. Selway Asset Management increased its position in The Walt Disney by 3.0% during the third quarter. Selway Asset Management now owns 37,456 shares of the entertainment giant’s stock worth $3,692,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Rothschild Investment Corp IL increased its position in The Walt Disney by 36.7% during the fourth quarter. Rothschild Investment Corp IL now owns 40,931 shares of the entertainment giant’s stock worth $4,400,000 after purchasing an additional 10,981 shares during the last quarter. Institutional investors and hedge funds own 62.58% of the company’s stock.

Shares of DIS stock traded up $2.19 during trading hours on Thursday, hitting $102.43. The company’s stock had a trading volume of 6,895,125 shares, compared to its average volume of 8,149,266. The company has a market capitalization of $150,893.89, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10.

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About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Earnings History and Estimates for The Walt Disney (NYSE:DIS)

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