Walt Disney Co (DIS) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Walt Disney Co (DIS) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $1.36 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $1.40. The company posted revenue of $12969.00 million in the period, compared to analysts expectations of $13198.99 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Many Wall Street Analysts have commented on Walt Disney Co. Company shares were Upgraded by Pivotal Research Group on Apr 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 121 from a previous price target of $104 .RBC Capital Mkts Initiated Walt Disney Co on Apr 8, 2016 to “Sector Perform”, Price Target of the shares are set at $103.Company shares were Reiterated by Guggenheim on Apr 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 102 from a previous price target of $96 .

Walt Disney Co opened for trading at $104.51 and hit $105.74 on the upside on Friday, eventually ending the session at $105.54, with a gain of 0.58% or 0.61 points. The heightened volatility saw the trading volume jump to 74,07,498 shares. Company has a market cap of $172,196 M.

In a different news, on Apr 20, 2016, Brent Woodford (EVP, Control, Fin Plan & Tax) sold 1,000 shares at $101.25 per share price. According to the SEC, on Jan 15, 2016, Christine M Mccarthy (SEVP-Chief Financial Officer) sold 49,920 shares at $101.15 per share price. On Aug 31, 2015, John S Chen (director) sold 6,000 shares at $101.97 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.

Walt Disney Co

Leave a Reply

Walt Disney Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Walt Disney Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.