Walt Disney (DIS) to Release Quarterly Earnings on Tuesday

Walt Disney (NYSE:DIS) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect Walt Disney to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Walt Disney Stock Performance

Walt Disney stock opened at $113.66 on Monday. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The stock has a 50-day simple moving average of $114.50 and a 200 day simple moving average of $100.81. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $208.49 billion, a price-to-earnings ratio of 70.16, a P/E/G ratio of 1.39 and a beta of 1.40.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Finally, Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

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.