According to the associated press reports The Walt Disney Company (NYSE:DIS) disclosed closure of some rides for the weekend in order to review the safety protocols including Space Mountain roller coaster.
A company spokesperson said that the closure of these tracks were voluntary and taken with an abundance of caution. Other tracks that were closed included SoarinOver California and Matterhorn Bobsleds.
The California Division of Occupational Safety and Health provided the citations to the company. Company is reviewing safety protocols in order to provide safe work environment for its contractors in addition to valued customers.
In November Disneyland faced an incident when a contracted employee got injuries while doing maintenance work in the park. Company again reopened Matterhorn on Sunday. However until now its unclear for how long the other two rides will remain un operational. Soain’ Over California is at Disney California Adventure and Space Mountain is at Disneyland.
Stock Highlights
In last trading activity, The Walt Disney Company (NYSE:DIS) stock opened at $ 60.29 hit maximum price of $ 60.73 throughout the session and ended at $60.55, I premarket session DIS -0.30% on Monday.
Revenue Measures
The Walt Disney Company generated sales of $ 42.84 billion in last twelve months with income of 5.60 billion. The Company showed a positive 14.22% in the net profit margin and its operating margin is calculated as 21.12%. Company’s annual sales growth for the past five years was 3.55%.
Walt Disney Company past twelve months price to sales ratio was 2.55 and price to cash ratio recorded as 34.09. As far as the returns are concern, DIS return on assets stayed at 7.88% while its return on equity recorded as 14.31%.