Walt Disney Co (DIS) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $1.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.61. The company posted revenue of $14277.00 million in the period, compared to analysts expectations of $14156.03 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS.
Many Wall Street Analysts have commented on Walt Disney Co. Shares were Downgraded by FBR Capital on Jul 26, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 108 from a previous price target of $111 .Walt Disney Co was Downgraded by Stifel to ” Hold” on Jul 20, 2016.
Walt Disney Co closed down -0.08 points or -0.08% at $95.75 with 77,92,013 shares getting traded on Monday. Post opening the session at $96.11, the shares hit an intraday low of $95.58 and an intraday high of $96.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 16, 2016, Maria Elena Lagomasino (director) purchased 980 shares at $101.98 per share price. According to the SEC, on May 10, 2016, Brent Woodford (EVP, Control, Fin Plan & Tax) sold 2,500 shares at $106.50 per share price. On Jan 15, 2016, Christine M Mccarthy (SEVP-Chief Financial Officer) sold 49,920 shares at $101.15 per share price, according to the Form-4 filing with the securities and exchange commission.
The Walt Disney Company incorporated on July 28 1995 together with its subsidiaries and affiliates is a diversified international family entertainment and media enterprise with five business segments: media networks parks and resorts studio entertainment consumer products and interactive media. Media Networks comprise an array of broadcast cable radio publishing and digital businesses across two divisions the Disney/ABC Television Group and ESPN Inc. Walt Disney Parks and Resorts (WDP&R) is a provider of family travel and leisure experiences. The Walt Disney Studio brings movies music and stage plays to consumers throughout the world. Disney Consumer Products (DCP) delivers product experiences across thousands of categories from toys and apparel to books and fine art. Disney Interactive is a creator of interactive entertainment across all current and emerging digital media platforms.