Walt Disney Company (The) (DIS) Scheduled to Post Quarterly Earnings on Tuesday
Walt Disney Company (The) (NYSE:DIS) will announce its earnings results after the market closes on Tuesday, August 8th. Analysts expect the company to announce earnings of $1.58 per share for the quarter.
Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping the consensus estimate of $1.45 by $0.05. The company had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. Walt Disney Company (The)’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. On average, analysts expect Walt Disney Company (The) to post $5.90 EPS for the current fiscal year and $6.70 EPS for the next fiscal year.
Walt Disney Company (DIS) opened at 107.69 on Monday. The stock has a market capitalization of $168.52 billion, a P/E ratio of 18.78 and a beta of 1.40. The firm’s 50-day moving average price is $106.01 and its 200 day moving average price is $109.39. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is 27.18%.
A number of brokerages have issued reports on DIS. Bank of America Corporation set a $125.00 target price on Walt Disney Company (The) and gave the company a “hold” rating in a research report on Saturday, June 24th. Guggenheim reissued a “buy” rating and issued a $122.00 target price (down previously from $128.00) on shares of Walt Disney Company (The) in a research report on Wednesday, July 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $111.00 price objective on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $124.00 price objective on shares of Walt Disney Company (The) in a research report on Tuesday, April 11th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $115.95.
In related news, Director Susan E. Arnold sold 12,143 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
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Walt Disney Company (The) 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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