$14.44 Billion in Sales Expected for Walt Disney Co (DIS) This Quarter

Brokerages expect Walt Disney Co (NYSE:DIS) to report $14.44 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Walt Disney’s earnings. The lowest sales estimate is $14.35 billion and the highest is $14.53 billion. Walt Disney reported sales of $14.55 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.8%. The business is expected to announce its next earnings report after the market closes on Wednesday, May 8th.

On average, analysts expect that Walt Disney will report full year sales of $69.93 billion for the current fiscal year. For the next year, analysts expect that the firm will report sales of $80.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Walt Disney.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, topping the consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. During the same period last year, the company earned $1.89 EPS. Walt Disney’s revenue for the quarter was down .3% on a year-over-year basis.

A number of brokerages have recently commented on DIS. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Credit Suisse Group restated a “hold” rating and set a $114.00 price objective on shares of Walt Disney in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Finally, Goldman Sachs Group started coverage on shares of Walt Disney in a research report on Thursday. They issued a “buy” rating and a $142.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $129.06.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $112.75, for a total transaction of $225,500.00. Following the completion of the sale, the executive vice president now directly owns 24,513 shares of the company’s stock, valued at $2,763,840.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 6,042 shares of company stock valued at $686,137 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Litman Gregory Asset Management LLC bought a new stake in Walt Disney during the fourth quarter valued at about $25,000. Crewe Advisors LLC grew its position in shares of Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $42,000. Portfolio Solutions LLC bought a new stake in Walt Disney during the 4th quarter valued at approximately $43,000. Finally, Contravisory Investment Management Inc. raised its stake in Walt Disney by 176.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 261 shares during the period. Institutional investors own 64.61% of the company’s stock.

DIS traded down $0.04 during midday trading on Monday, hitting $114.96. 11,051,027 shares of the company traded hands, compared to its average volume of 10,706,455. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. The stock has a market capitalization of $171.44 billion, a P/E ratio of 16.24, a P/E/G ratio of 3.15 and a beta of 0.91. Walt Disney has a 52 week low of $97.68 and a 52 week high of $120.20.

About 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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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