Walt Disney (NYSE:DIS) Issues FY 2024 Earnings Guidance

Walt Disney (NYSE:DIS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.700-4.700 for the period, compared to the consensus earnings per share estimate of 4.370. The company issued revenue guidance of -.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.11 on Wednesday, reaching $105.50. 6,682,031 shares of the company traded hands, compared to its average volume of 12,000,771. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm has a market capitalization of $193.52 billion, a PE ratio of 65.50, a PEG ratio of 1.39 and a beta of 1.40. The company has a 50 day moving average of $114.59 and a 200 day moving average of $101.21. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Walt Disney will post 4.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an overweight rating in a research report on Tuesday, April 23rd. Raymond James raised their price target on Walt Disney from $112.00 to $128.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. The Goldman Sachs Group decreased their price objective on Walt Disney from $125.00 to $120.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Guggenheim raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Finally, Daiwa Capital Markets reiterated a buy rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. One investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $126.75.

Insiders Place Their Bets

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 stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now 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 available at the SEC website. Company 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.