Investors expect active trade of two vital entertainment companies, Walt Disney Company (NYSE:DIS) along with Electronic Arts Inc (NASDAQ:EA) on Tuesday following the news that both companies have agreed to work Star Wars games.
In addition, both firms are also scheduled to post their quarterly earnings following the closure of the market. Traders are getting more optimistic that Walt Disney will be able to grab some more ground.
The deal did broke out on Monday after both companies announced their agreement to develop games based on characters and storylines of Star Wars.
Analysts expect Disney to post earnings per share of 77 cents for the second quarter. On the other hand Electronic Arts is expected to post earnings per share at 57 cents in the fourth quarter.
Whole Foods Market Inc is projected to report second quarter earnings per share around of 73 cents. JPMorgan analysts expect a lower gross margin along with sluggish sales growth due to increased price investments.
The Walt Disney Company (NYSE:DIS) stock in current session trading at $64.88 by falling 64.88 with the average volume of 7.98 million shares.
The stock price saw week’s volatility of 1.13% and month’s volatility is 1.72%, while the stock price of the company is moving up from its 20 days moving average with 3.94% and isolated positively from 50 days moving average with 13.44%.
Looking at Analytic Ratios; the price to sales ratio of DIS in past twelve months was calculated as 0.61 and price to cash ratio as 2.79. Company return on equity ratio is recorded as -48.12% and its return on assets is -8.10%, and return on investment is -9.51%.