Walt Disney (NYSE:DIS) Releases Quarterly Earnings Results

Walt Disney (NYSE:DIS) released its quarterly earnings data 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Walt Disney updated its FY24 guidance to ~$4.70 EPS.

Walt Disney Trading Up 0.1 %

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research note on Tuesday. Finally, Argus upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.46.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% 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.