Wall Street brokerages expect Walt Disney Co (NYSE:DIS) to announce $15.19 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Walt Disney’s earnings, with the lowest sales estimate coming in at $15.12 billion and the highest estimate coming in at $15.28 billion. Walt Disney reported sales of $14.78 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The firm is expected to issue its next earnings report on Tuesday, February 6th.
On average, analysts expect that Walt Disney will report full-year sales of $15.19 billion for the current financial year, with estimates ranging from $57.72 billion to $59.81 billion. For the next financial year, analysts forecast that the company will post sales of $60.45 billion per share, with estimates ranging from $58.97 billion to $61.84 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Walt Disney.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. Walt Disney’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Northern Trust Corp boosted its holdings in Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after acquiring an additional 500,349 shares in the last quarter. Legal & General Group Plc boosted its holdings in Walt Disney by 3.8% in the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock worth $806,872,000 after acquiring an additional 300,973 shares in the last quarter. Parnassus Investments CA boosted its holdings in Walt Disney by 19.3% in the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock worth $684,187,000 after acquiring an additional 1,123,949 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Walt Disney by 7.8% in the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after acquiring an additional 420,200 shares in the last quarter. 61.51% of the stock is currently owned by institutional investors.
Shares of Walt Disney (NYSE DIS) traded down $0.61 during trading on Tuesday, reaching $111.62. The company’s stock had a trading volume of 5,989,794 shares, compared to its average volume of 9,360,000. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The stock has a market cap of $168,580.00, a PE ratio of 19.65, a P/E/G ratio of 2.39 and a beta of 1.38. Walt Disney has a 1-year low of $96.20 and a 1-year high of $116.10.
The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is 29.58%.
WARNING: This story was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.chaffeybreeze.com/2018/01/06/brokerages-expect-walt-disney-co-dis-will-post-quarterly-sales-of-15-19-billion.html.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.