Walt Disney (NYSE:DIS) Updates FY24 Earnings Guidance

Walt Disney (NYSE:DIS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of ~$4.70 for the period, compared to the consensus earnings per share estimate of $4.71.

Walt Disney Price Performance

Shares of DIS stock traded up $0.07 during trading on Wednesday, hitting $105.46. The company had a trading volume of 15,221,881 shares, compared to its average volume of 12,100,998. The stock’s 50-day moving average price is $114.59 and its 200 day moving average price is $101.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. Walt Disney has a one year low of $78.73 and a one year high of $123.74. The firm has a market capitalization of $193.45 billion, a P/E ratio of 65.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on DIS shares. UBS Group lowered their price objective on shares of Walt Disney from $140.00 to $130.00 and set a buy rating for the company in a research note on Wednesday. Guggenheim boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Macquarie increased their target price on Walt Disney from $94.00 to $104.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. Daiwa Capital Markets restated a buy rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Finally, Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of Moderate Buy and an average price target of $126.46.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

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.