Walt Disney (DIS) Expected to Announce Quarterly Earnings on Wednesday

Walt Disney (NYSE:DIS) is expected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.44 per share and revenue of $24.55 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. 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

Shares of NYSE DIS opened at $113.04 on Monday. The stock has a market cap of $204.43 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 2.02 and a beta of 1.43. The stock’s 50-day moving average is $112.34 and its 200 day moving average is $100.64. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is presently 36.90%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DIS shares. Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley upped their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.52.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last ninety days. Insiders own 0.16% of the company’s stock.

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.