Analysts in Wall Street forecast that the quarterly sales of the Walt Disney Co. (NYSE: DIS) will be $16.89Bn. Estimates have been provided by 11 analysts, ranging between $16.26Bn and $17.48Bn. In the same period last year, the company had reported $11.78Bn in sales, indicating a positive 43.4% annual growth rate. The next quarterly earnings result should be reported on 3rd August, Tuesday.
Stock Commentary On DIS
The latest earnings data of DIS stock was posted on 13th May, Thursday. An EPS of $0.79 was reported beating the consensus $0.37 estimate. Its quarterly revenue stood at $15.61Bn which was less than the consensus $15.99Bn estimate. In the same period last year, the company had an EPS of $0.60.
Several research analysts have issued their reports on DIS stock. Morgan Stanley increased its objective price to $210 from $200 while issuing a rating of “overweight” on 12th May, Wednesday. The Goldman Sachs Group decreased its target price to $215 from $225 while issuing a rating of “buy” on 14th May, Friday. Wolfe Research re-issued a rating of “outperform” while giving an objective price of $226 on 10th June, Thursday. Wells Fargo & Company increased its target price to $219 from $201 while issuing a rating of “overweight” on 20th April, Tuesday. Sanford C. Bernstein reissued a rating of “neutral” while giving a target price of $163 on 14th May, Friday.
On Monday, DIS shares opened with a value of $172.42. The market capitalization stands at $313.28Bn with a 1.19 beta. The highest and lowest prices over a period of 52 weeks currently stand at $203.02 and $108.02 respectively. The moving average over a period of 50 days is currently $179.47.
Susan E. Arnold, a Director, had sold off 8,400 shares at a $177.45 average price per share on 2nd June, Wednesday. Robert A. Iger, a Chairman, sold off 550,570 shares at a $179.21 average price per share on 1st June, Tuesday.
