Walt Disney (NYSE:DIS) Issues Quarterly Earnings Results

Walt Disney (NYSE:DIS) announced its quarterly earnings results on Tuesday. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09, Briefing.com reports. The company had revenue of $22.08 billion for 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%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. Walt Disney updated its FY24 guidance to ~$4.70 EPS.

Walt Disney Trading Up 0.1 %

Shares of Walt Disney stock traded up $0.12 during trading hours on Thursday, reaching $105.56. The stock had a trading volume of 6,054,314 shares, compared to its average volume of 12,032,690. The firm has a 50 day simple moving average of $114.59 and a two-hundred day simple moving average of $101.21. The firm has a market capitalization of $193.63 billion, a price-to-earnings ratio of 114.74, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. Walt Disney has a 1 year low of $78.73 and a 1 year high of $123.74.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIS shares. Wells Fargo & Company increased their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group lowered their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. UBS Group lowered their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Tigress Financial restated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.