Walt Disney (NYSE:DIS) Issues FY 2024 Earnings Guidance

Walt Disney (NYSE:DIS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.890-4.890 for the period, compared to the consensus earnings per share estimate of 4.770. The company issued revenue guidance of -. Walt Disney also updated its FY24 guidance to $4.89 EPS.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. Moffett Nathanson dropped their price objective on shares of Walt Disney from $130.00 to $125.00 and set a buy rating for the company in a research note on Tuesday, July 2nd. Evercore ISI dropped their price objective on shares of Walt Disney from $130.00 to $128.00 and set an outperform rating on the stock in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a buy rating in a research note on Monday, May 6th. Needham & Company LLC reiterated a buy rating and issued a $145.00 price objective on shares of Walt Disney in a report on Wednesday, July 3rd. Finally, Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $127.08.

Walt Disney Price Performance

Shares of DIS traded down $2.95 during trading hours on Wednesday, hitting $87.02. The stock had a trading volume of 20,712,457 shares, compared to its average volume of 11,515,083. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market capitalization of $158.64 billion, a price-to-earnings ratio of 96.56, a P/E/G ratio of 1.15 and a beta of 1.40. The company’s fifty day moving average is $97.87 and its two-hundred day moving average is $105.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, analysts anticipate that Walt Disney will post 4.77 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.