are Disney's earning per share at $3.95 (diluted) for the first 9 months compared to $3.40 in the previous 9 months. If we add an estimated .95 for the next quarter that brings us up to $4.90 earning per share for the current quarter ending Sept.. (It could be much higher based on pre sale of Star Wars products which will continue into the first quarter of the new year.) I must have missed something for the bizarre sell off of shares.
Your reply shows how little you know about the insiders. The "insiders" receive compensation in the way of options. The insiders own a lot of shares and the only reason they sell shares is usually for tax purposes. At some point the options have to be converted or they lose them. Options are converted to stock and portions are sold to cover tax implications.
P&G gave a bit of worry in consumer products earnings because of the strong dollar. What P&G doesnt have is Star Wars, and Marvel to license or interactive products of Disney, Pixar, Marvel and Star Wars. So while Disney can grow income on products, movies,television, music, electronics, theme parks, hotel rooms, etc. Ooops forgot ESPN.
There has been some negativity of ESPN losing some customers, however cable may level off but ESPN is well situated (as Bob Iger stated) to go as a stand along product along with cable. Its a subscription based product and can go the way of Netflix. The price of a subscription could be easily double the price it gets from cable operators.
This is going to be a big transformation into Disney Marvel Pixar or some combination with Lucas and Star Wars figured in there some place. The plans are big and growing as Shanghai Disneyland wraps up construction and prepares for a grand opening. My opinion is the new "Disney Studios" park will be the next huge theme park in Florida. This is going to be a big profit driver adding a tremendous capacity to this park.
Just a clarification: Disney's free cash flow of 2.5 billion for the last quarter alone. I expect this will continue to grow into the fiscal year end in September.
Japan results for Avengers Age of Ultron shows a 2015 record north of 6.5 million. Ultron continues to play in North America and Japan should add another 30 to 35 million to global box office revenue. MARVEL-the gift that keeps on giving.
It took a few years for Disney to get off the annual dividend payment which was based on
the amount it cost to snail mail out millions of checks to shareholders holding only 1 to 10 shares.
Electronic registration has reduced the cost of mailing and will continue to reduce over the next few years.
I suspect the quarterly dividend will return in a couple of years. This will keep investors in with a more
consistent payout as opposed to jumping in for an annual or semi-annual payout. Disney has a free cash flow of about 2.5 billion.