Wall Street brokerages expect Walt Disney Co (NYSE:DIS) to report sales of $21.68 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Walt Disney’s earnings, with the lowest sales estimate coming in at $21.42 billion and the highest estimate coming in at $21.94 billion. Walt Disney posted sales of $15.23 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.4%. The firm is expected to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Walt Disney will report full-year sales of $71.47 billion for the current fiscal year, with estimates ranging from $70.81 billion to $72.12 billion. For the next year, analysts forecast that the business will post sales of $83.96 billion, with estimates ranging from $82.84 billion to $85.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Walt Disney.

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

Several research firms have recently commented on DIS. Citigroup reiterated a “buy” rating and issued a $160.00 price target (up from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Credit Suisse Group increased their price target on shares of Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. BMO Capital Markets increased their price target on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Finally, Imperial Capital increased their price target on shares of Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney presently has an average rating of “Buy” and a consensus target price of $142.36.

In related news, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total transaction of $540,960.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were 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 have sold 39,200 shares of company stock worth $5,098,106 in the last three months. Insiders own 0.36% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Litman Gregory Asset Management LLC bought a new stake in Walt Disney during the 4th quarter valued at $25,000. Crewe Advisors LLC lifted its position in Walt Disney by 55.6% in the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Stone House Investment Management LLC bought a new stake in Walt Disney in the 1st quarter valued at about $37,000. Financial Gravity Wealth Inc. bought a new stake in Walt Disney in the 1st quarter valued at about $40,000. Finally, Clarfeld Financial Advisors LLC bought a new stake in Walt Disney in the 4th quarter valued at about $42,000. 64.23% of the stock is currently owned by institutional investors.

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

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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