Wall Street brokerages expect Walt Disney Co (NYSE:DIS) to announce $1.63 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Walt Disney’s earnings, with estimates ranging from $1.49 to $1.78. Walt Disney posted earnings of $1.84 per share during the same quarter last year, which would suggest a negative year over year growth rate of 11.4%. The firm is expected to report its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Walt Disney will report full-year earnings of $7.09 per share for the current year, with EPS estimates ranging from $6.83 to $7.45. For the next fiscal year, analysts forecast that the company will report earnings of $7.23 per share, with EPS estimates ranging from $6.99 to $7.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Walt Disney.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.27. The company had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. Walt Disney’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share.

DIS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Edward Jones upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Tigress Financial restated a “buy” rating on shares of Walt Disney in a report on Tuesday, February 12th. Credit Suisse Group restated a “hold” rating and set a $114.00 target price on shares of Walt Disney in a report on Tuesday, January 22nd. Finally, Imperial Capital upgraded Walt Disney from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and a consensus price target of $124.84.

Walt Disney stock traded up $0.39 during mid-day trading on Thursday, reaching $114.48. 17,409,518 shares of the company were exchanged, compared to its average volume of 8,150,915. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm has a market cap of $171.04 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.75 and a beta of 0.91. Walt Disney has a 12-month low of $97.68 and a 12-month high of $120.20.

In other news, EVP Brent Woodford sold 294 shares of the stock in a transaction on Friday, January 4th. The stock was sold at an average price of $110.00, for a total transaction of $32,340.00. Following the completion of the sale, the executive vice president now owns 26,513 shares in the company, valued at approximately $2,916,430. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the sale, the executive vice president now owns 106,390 shares of the company’s stock, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,148 shares of company stock valued at $1,336,704. Company insiders own 0.36% of the company’s stock.

A number of hedge funds have recently modified their holdings of DIS. Franklin Street Advisors Inc. NC raised its stake in Walt Disney by 2.7% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 98,381 shares of the entertainment giant’s stock worth $11,505,000 after acquiring an additional 2,589 shares during the last quarter. Windsor Group LTD purchased a new position in Walt Disney in the 3rd quarter worth $204,000. Jaffetilchin Investment Partners LLC raised its stake in Walt Disney by 31.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 15,192 shares of the entertainment giant’s stock worth $1,777,000 after acquiring an additional 3,612 shares during the last quarter. Visionary Asset Management Inc. raised its stake in Walt Disney by 106.2% in the 3rd quarter. Visionary Asset Management Inc. now owns 4,099 shares of the entertainment giant’s stock worth $479,000 after acquiring an additional 2,111 shares during the last quarter. Finally, LVM Capital Management Ltd. MI grew its position in Walt Disney by 1.5% during the 3rd quarter. LVM Capital Management Ltd. MI now owns 87,578 shares of the entertainment giant’s stock worth $10,241,000 after purchasing an additional 1,305 shares during the period. Institutional investors own 63.71% of the company’s stock.

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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