Walt Disney (DIS), Aetna (AET), CVS Health (CVS), Scripps Networks Interactive (SNI) – Earnings in Focus

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Walt Disney Co , Aetna Inc , CVS Health Corp and Scripps Networks Interactive, Inc. will report quarterly results on Tuesday. Here’s what investors can expect:


Walt Disney Co

Walt Disney Co is scheduled to report fiscal third-quarter results after the close of trade on Tuesday. Analysts expect the world’s best-known entertainment conglomerate to post earnings of $1.42 a share on revenue of $13.2 billion. For the full year, the forecast is for net income of $5.05 a share on sales $52.6 billion.

Walt Disney Co ’s first- and second-quarter numbers blew past Wall Street expectations, sending shares to all-time highs. Profit margins are rising, which when, coupled with the company’s top-notch portfolio of brands, should see the company sustain its positive momentum through the year.

Walt Disney Co ‘s key Studio Entertainment segment should fly high on the back of the blockbuster Avengers: Age of Ultron.  The movie had the second biggest opening in U.S. box-office history, raking in a total of $1.4 billion since its release in early May.

Aetna Inc

Aetna is slated to issue its second quarter data on Tuesday. The consensus of analysts covering the stock is for earnings of $1.81 a share on sales of $15.43 billion.

Aetna Inc closed Friday at $112.97. The stock has a 52-week high of $134.40, and a low of $71.81, with a current price-to-earnings ratio of 18.69. The company recently announced a quarterly dividend of $0.25 a share, issued on July 31, to shareholders of record on July 16.

Shares of Aetna Inc have seen recent upgrades. Analysts at Bank of America raised the stock from “neutral” to “buy,” with a target price of $132, in a research note last week. Early last month, S&P Equity Research reaffirmed a “strong-buy” rating and projected a $150 target price.

CVS Health Corp

The drugstore chain’s profit and sales gains are projected to slow when the company reports second-quarter figures on Tuesday.  Analysts have forecast a 6 percent rise in earnings to $1.20 a share, decelerating from the prior quarter growth rate of 12 percent. Sales are expected to rise around 7 percent to $37.18 billion, down from 11 percent in the first quarter.

CVS Health Corp ‘s recent acquisitions should boost future quarter results, as the health sector consolidates amidst ObamaCare-related changes. In June, the company announced that it is taking over more than 1,660 pharmacies and 80 clinics from Target.

However, CVS Health Corp ‘s ban on tobacco products is beginning to weigh on its sales. During the first quarter, front-end same-store retail sales fell 6 percent after tobacco products were removed; but would have been 800 basis points higher, had tobacco sales been excluded from the same period last year.

Scripps Networks Interactive, Inc.

Scripps Networks Interactive is all set to post its Q215 numbers before the opening bell on Tuesday. The average analysts’ estimate is for earnings of $1.27 a share on revenue of $729.38 million. Shares of Scripps Networks finished Friday at $62.58, and have a 52-week low of $60.40 and a 52-week high of $83.83.

Scripps Networks Interactive, Inc. , through its acquisition of a 53 percent stake in Polish multi-platform media company, TVN, should considerably strengthen its presence in Europe. However, rising costs, and weakness in the advertising market, may continue to hurt margins. Also, by expanding its business across Europe, the company has exposed itself to fluctuations in foreign currency rates.

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