The Walt Disney Company (NYSE:DIS) [Trend Analysis] moved down reacts as active mover, shares a loss -0.66% to traded at $109.57 and the percentage gap between open changing to regular change was -0.34%. CEO of Walt Disney Co. (DIS) Bob Iger told investors and analysts that he would remain with the company beyond his slated June 2018 retirement if it’s good for the company. Iger made the comment after Disney declared lower sales and earnings for the first quarter. If he extends his contract, it would be the third time he has postponed retirement.
“While I’m confident that my successor is going to be chosen on a timely basis and chosen well, if it’s in the best interest of the company for me to extend my term, I’m open to that, but there’s nothing specific to announce at this point,” Iger said on conference call with analysts Tuesday.
The firm’s current ratio calculated as 1.00 for the most recent quarter. The firm past twelve months price to sales ratio was 3.13 and price to cash ratio remained 37.75. As far as the returns are concern, the return on equity was recorded as 21.40% and return on investment was 14.40% while its return on asset stayed at 10.30%. The firm has total debt to equity ratio measured as 0.47.
Michael Kors Holdings Limited (NYSE:KORS) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.63% to close at $41.28 with the total traded volume of 2.87 Million shares. Michael Kors Holdings Ltd (KORS) estimate current-quarter profit below estimates, raising concerns that the company’s efforts to reinvigorate its brand was taking much longer than expected.
The company, which also sells apparel, watches and shoes, declared a bigger-than-expected drop in comparable sales for the holiday quarter their sixth fall in the past seven quarters. Michael Kors, however, said it expected weakness in North America and Europe to continue, partly due to fewer shoppers visiting malls.
The company forecast fourth-quarter profit of 68 cents-72 cents per share on revenue of $1.04 billion-$1.06 billion. Analysts were expecting earnings of 93 cents per share and revenue of $1.11 billion, according to Thomson Reuters I/B/E/S.
The company’s shares fell to $34.92 on Tuesday, making the stock the biggest percentage loser on the New York Stock Exchange. Michael Kors said average selling prices in the third quarter were hurt by a highly promotional environment as well as the continued popularity of cheaper cross-body bags and small leather goods in the third quarter. The firm has institutional ownership of 97.10%, while insider ownership included 2.80%. Its price to sales ratio ended at 1.45. KORS attains analyst recommendation of 2.90 with week’s performance of -1.22%.