The Walt Disney Company (NYSE:DIS) Expected to Post Quarterly Sales of $16.21 Billion

Equities research analysts forecast that The Walt Disney Company (NYSE:DIS) will announce $16.21 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for The Walt Disney’s earnings, with the highest sales estimate coming in at $21.69 billion and the lowest estimate coming in at $14.82 billion. The Walt Disney posted sales of $20.86 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 22.3%. The business is expected to announce its next quarterly earnings results on Tuesday, February 2nd.

According to Zacks, analysts expect that The Walt Disney will report full year sales of $69.58 billion for the current financial year, with estimates ranging from $62.07 billion to $88.80 billion. For the next financial year, analysts expect that the firm will report sales of $84.01 billion, with estimates ranging from $73.93 billion to $99.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for The Walt Disney.

The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.48. The firm had revenue of $14.71 billion for the quarter, compared to analysts’ expectations of $14.10 billion. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The business’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS.

Several equities research analysts have weighed in on DIS shares. BidaskClub raised shares of The Walt Disney from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 12th. Credit Suisse Group lifted their price target on shares of The Walt Disney from $146.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, December 9th. The Goldman Sachs Group lifted their price target on shares of The Walt Disney from $142.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, November 13th. KeyCorp lifted their price target on shares of The Walt Disney from $177.00 to $182.00 in a research note on Friday, December 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Walt Disney from $163.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, December 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $157.50.

In related news, EVP Zenia B. Mucha sold 35,906 shares of the company’s stock in a transaction that occurred on Thursday, December 17th. The shares were sold at an average price of $173.34, for a total transaction of $6,223,946.04. Following the sale, the executive vice president now owns 18,781 shares of the company’s stock, valued at approximately $3,255,498.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 48,908 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $150.00, for a total transaction of $7,336,200.00. Following the sale, the executive vice president now directly owns 126,954 shares in the company, valued at approximately $19,043,100. The disclosure for this sale can be found here. In the last three months, insiders sold 130,903 shares of company stock worth $20,390,500. Insiders own 0.31% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. JFG Wealth Management LLC purchased a new stake in shares of The Walt Disney in the third quarter valued at approximately $26,000. Demars Financial Group LLC purchased a new stake in shares of The Walt Disney in the 2nd quarter worth about $38,000. Price Wealth LLC lifted its position in shares of The Walt Disney by 90.0% in the 3rd quarter. Price Wealth LLC now owns 473 shares of the entertainment giant’s stock worth $59,000 after purchasing an additional 224 shares during the period. CVA Family Office LLC lifted its position in The Walt Disney by 164.9% during the 3rd quarter. CVA Family Office LLC now owns 490 shares of the entertainment giant’s stock valued at $61,000 after acquiring an additional 305 shares during the period. Finally, Equitec Proprietary Markets LLC purchased a new position in The Walt Disney during the 3rd quarter valued at about $62,000. 57.46% of the stock is currently owned by institutional investors and hedge funds.

The Walt Disney stock opened at $181.18 on Friday. The stock has a market cap of $328.02 billion, a P/E ratio of -113.95, a P/E/G ratio of 4.37 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The Walt Disney has a twelve month low of $79.07 and a twelve month high of $183.40. The company’s 50-day moving average price is $158.65 and its two-hundred day moving average price is $132.68.

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

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