Walt Disney (NYSE:DIS) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Walt Disney (NYSE:DIS) announced its quarterly earnings data on Tuesday. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09, Briefing.com reports. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Walt Disney updated its FY24 guidance to ~$4.70 EPS.

Walt Disney Trading Down 0.1 %

NYSE DIS traded down $0.10 on Wednesday, hitting $105.29. 9,467,963 shares of the stock were exchanged, compared to its average volume of 12,034,601. Walt Disney has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market capitalization of $193.14 billion, a P/E ratio of 65.12, a P/E/G ratio of 1.39 and a beta of 1.40. 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 stock has a fifty day moving average price of $114.59 and a two-hundred day moving average price of $101.21.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. Loop Capital increased their price target on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Tuesday. Argus upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI lowered their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.67.

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.