Walt Disney (NYSE:DIS) Posts Earnings Results, Beats Estimates By $0.09 EPS

Walt Disney (NYSE:DIS) posted its quarterly earnings data on Tuesday. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09, Briefing.com reports. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Walt Disney updated its FY24 guidance to ~$4.70 EPS.

Walt Disney Stock Performance

NYSE DIS traded up $0.04 on Friday, reaching $105.84. The stock had a trading volume of 3,299,181 shares, compared to its average volume of 12,025,010. The firm has a fifty day moving average of $114.48 and a two-hundred day moving average of $101.24. The company has a market cap of $194.15 billion, a P/E ratio of 115.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DIS. Deutsche Bank Aktiengesellschaft lifted 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. Guggenheim upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Raymond James raised their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Evercore ISI lowered their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $126.46.

Walt Disney Company Profile

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.