$0.28 EPS Expected for The Walt Disney Company (NYSE:DIS) This Quarter


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Wall Street analysts expect that The Walt Disney Company (NYSE:DIS) will report $0.28 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for The Walt Disney’s earnings. The highest EPS estimate is $0.73 and the lowest is ($0.20). The Walt Disney reported earnings per share of $0.60 in the same quarter last year, which suggests a negative year-over-year growth rate of 53.3%. The company is scheduled to announce its next earnings results after the market closes on Thursday, May 13th.

On average, analysts expect that The Walt Disney will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $2.71. For the next year, analysts forecast that the firm will report earnings of $4.70 per share, with EPS estimates ranging from $3.32 to $5.80. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for The Walt Disney.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.77. The business had revenue of $16.25 billion for the quarter, compared to analysts’ expectations of $15.84 billion. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%.

Several research analysts recently commented on the stock. Truist initiated coverage on shares of The Walt Disney in a report on Thursday, December 10th. They issued a “buy” rating and a $175.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price target on The Walt Disney from $185.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, February 16th. Barclays increased their price objective on The Walt Disney from $150.00 to $185.00 in a report on Friday, December 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on The Walt Disney from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 14th. Finally, Wells Fargo & Company increased their price target on shares of The Walt Disney from $182.00 to $201.00 and gave the stock an “overweight” rating in a report on Wednesday, December 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $187.00.

In other news, EVP Zenia B. Mucha sold 33,969 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $183.12, for a total value of $6,220,403.28. Following the transaction, the executive vice president now owns 53,589 shares in the company, valued at $9,813,217.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christine M. Mccarthy sold 4,139 shares of The Walt Disney stock in a transaction on Friday, January 15th. The stock was sold at an average price of $173.00, for a total transaction of $716,047.00. Following the completion of the transaction, the chief financial officer now directly owns 156,984 shares in the company, valued at $27,158,232. The disclosure for this sale can be found here. Insiders have sold 1,367,269 shares of company stock worth $251,173,842 over the last ninety days. Insiders own 0.31% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DIS. Advanced Research Investment Solutions LLC increased its holdings in The Walt Disney by 50.9% during the 4th quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Sterling Investment Management Inc. raised its holdings in shares of The Walt Disney by 1.0% during the fourth quarter. Sterling Investment Management Inc. now owns 6,041 shares of the entertainment giant’s stock valued at $1,095,000 after acquiring an additional 58 shares in the last quarter. Successful Portfolios LLC raised its holdings in shares of The Walt Disney by 0.6% during the fourth quarter. Successful Portfolios LLC now owns 9,648 shares of the entertainment giant’s stock valued at $1,748,000 after acquiring an additional 60 shares in the last quarter. Good Life Advisors LLC lifted its stake in The Walt Disney by 0.3% in the fourth quarter. Good Life Advisors LLC now owns 24,741 shares of the entertainment giant’s stock worth $4,486,000 after acquiring an additional 63 shares during the period. Finally, Aevitas Wealth Management Inc. boosted its holdings in The Walt Disney by 3.1% in the fourth quarter. Aevitas Wealth Management Inc. now owns 2,116 shares of the entertainment giant’s stock valued at $383,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 62.83% of the company’s stock.

Shares of DIS traded down $1.25 during trading hours on Thursday, hitting $186.31. The company’s stock had a trading volume of 122,764 shares, compared to its average volume of 11,597,273. The business has a 50 day simple moving average of $190.44 and a two-hundred day simple moving average of $162.26. The Walt Disney has a 52-week low of $98.65 and a 52-week high of $203.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.26. The company has a market cap of $338.20 billion, a price-to-earnings ratio of -116.89, a PEG ratio of 5.07 and a beta of 1.20.

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 domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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