Brokerages expect Walt Disney Co (NYSE:DIS) to report earnings per share (EPS) of $1.77 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Walt Disney’s earnings, with the lowest EPS estimate coming in at $1.67 and the highest estimate coming in at $1.94. Walt Disney reported earnings of $1.87 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The company is expected to issue its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Walt Disney will report full year earnings of $6.67 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $7.01. For the next year, analysts forecast that the business will report earnings of $6.67 per share, with EPS estimates ranging from $6.35 to $6.94. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Walt Disney.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share.

DIS has been the subject of several recent research reports. Edward Jones upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Imperial Capital lifted their target price on Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Citigroup initiated coverage on Walt Disney in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $142.36.

Shares of DIS stock traded up $0.97 on Friday, hitting $136.05. The stock had a trading volume of 2,808,267 shares, compared to its average volume of 11,395,818. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. The company has a market capitalization of $248.43 billion, a P/E ratio of 19.22, a PEG ratio of 3.68 and a beta of 0.97. Walt Disney has a one year low of $100.35 and a one year high of $142.37.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 39,200 shares of company stock valued at $5,098,106 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC boosted its position in Walt Disney by 43.0% in the first quarter. Belpointe Asset Management LLC now owns 13,322 shares of the entertainment giant’s stock valued at $1,479,000 after buying an additional 4,009 shares during the last quarter. Altfest L J & Co. Inc. boosted its position in Walt Disney by 1.4% in the first quarter. Altfest L J & Co. Inc. now owns 13,904 shares of the entertainment giant’s stock valued at $1,544,000 after buying an additional 187 shares during the last quarter. KCL Capital L.P. purchased a new stake in Walt Disney in the first quarter valued at approximately $1,110,000. First Pacific Advisors LP boosted its position in Walt Disney by 161.0% in the first quarter. First Pacific Advisors LP now owns 8,092 shares of the entertainment giant’s stock valued at $898,000 after buying an additional 4,992 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after buying an additional 1,031,035 shares during the last quarter. Institutional investors and hedge funds own 64.23% of the company’s stock.

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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