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-$0.53 EPS Expected for Walt Disney Co (NYSE:DIS) This Quarter



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Equities analysts expect that Walt Disney Co (NYSE:DIS) will announce earnings per share of ($0.53) for the current quarter, Zacks reports. Ten analysts have issued estimates for Walt Disney’s earnings. The highest EPS estimate is $0.19 and the lowest is ($0.95). Walt Disney reported earnings of $1.07 per share in the same quarter last year, which would indicate a negative year over year growth rate of 149.5%. The firm is expected to announce its next earnings report on Thursday, November 5th.
On average, analysts expect that Walt Disney will report full year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.29 to $2.28. For the next year, analysts forecast that the business will report earnings of $3.12 per share, with EPS estimates ranging from $1.77 to $5.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Walt Disney.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $12.48 billion. Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The company’s quarterly revenue was down 41.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share.
A number of analysts have recently weighed in on the company. Credit Suisse Group raised Walt Disney from a « neutral » rating to an « outperform » rating and increased their price objective for the company from $116.00 to $146.00 in a research note on Wednesday, August 5th. UBS Group reissued a « hold » rating and set a $126.00 price target on shares of Walt Disney in a research report on Thursday, June 25th. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $135.00 to $145.00 and gave the company a « buy » rating in a research report on Wednesday, August 5th. Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Monday, July 13th. They set a « buy » rating and a $137.00 price objective for the company. Finally, Cowen downgraded Walt Disney from an « outperform » rating to a « market perform » rating and reduced their price target for the company from $101.00 to $97.00 in a report on Thursday, July 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. Walt Disney has a consensus rating of « Buy » and a consensus price target of $130.07.
Several institutional investors have recently bought and sold shares of DIS. Vanguard Group Inc. raised its position in shares of Walt Disney by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after purchasing an additional 10,757,398 shares during the last quarter. State Street Corp raised its holdings in Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after buying an additional 565,404 shares during the last quarter. Morgan Stanley lifted its stake in shares of Walt Disney by 16.7% in the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after buying an additional 3,939,992 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Walt Disney by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 25,029,876 shares of the entertainment giant’s stock worth $2,791,081,000 after buying an additional 2,208,862 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Walt Disney by 2.4% during the first quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock valued at $1,598,989,000 after buying an additional 386,175 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.
DIS opened at $131.99 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The stock’s 50 day simple moving average is $125.58 and its 200 day simple moving average is $115.04. The firm has a market cap of $240.77 billion, a price-to-earnings ratio of -212.89, a PEG ratio of 11.71 and a beta of 1.08. Walt Disney has a 1 year low of $79.07 and a 1 year high of $153.41.
Walt Disney Company Profile
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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