Walt Disney Company (The) (NYSE:DIS) Forecasted to Earn FY2017 Earnings of $5.90 Per Share

Walt Disney Company (The) (NYSE:DIS) – Equities researchers at Jefferies Group raised their FY2017 earnings estimates for shares of Walt Disney Company (The) in a research note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now anticipates that the entertainment giant will post earnings per share of $5.90 for the year, up from their prior estimate of $5.85. Jefferies Group currently has a “Hold” rating and a $110.00 target price on the stock. Jefferies Group also issued estimates for Walt Disney Company (The)’s Q1 2019 earnings at $1.91 EPS.

Other analysts have also recently issued reports about the stock. Bank of America Corporation set a $125.00 target price on shares of Walt Disney Company (The) and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub cut shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $109.00 target price on shares of Walt Disney Company (The) in a report on Thursday. Cowen and Company reaffirmed a “hold” rating and set a $95.00 target price on shares of Walt Disney Company (The) in a report on Thursday. Finally, BMO Capital Markets reaffirmed an “underperform” rating and set a $90.00 target price (down from $95.00) on shares of Walt Disney Company (The) in a report on Thursday. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $115.19.

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Shares of Walt Disney Company (NYSE DIS) traded up 0.4865% during midday trading on Friday, hitting $101.8431. 2,093,120 shares of the stock traded hands. The firm has a market capitalization of $157.19 billion, a PE ratio of 18.0637 and a beta of 1.40. The company’s 50-day moving average is $106.14 and its 200 day moving average is $109.28. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after buying an additional 456,053 shares in the last quarter. Norges Bank bought a new position in Walt Disney Company (The) during the fourth quarter valued at approximately $1,507,183,000. Fisher Asset Management LLC increased its position in Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock valued at $1,003,124,000 after buying an additional 101,808 shares in the last quarter. Legal & General Group Plc increased its position in Walt Disney Company (The) by 5.3% in the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after buying an additional 394,012 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Walt Disney Company (The) by 2.0% in the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock valued at $864,386,000 after buying an additional 150,316 shares in the last quarter. 62.42% of the stock is currently owned by institutional investors.

In related news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.38% of the company’s stock.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were paid a $0.78 dividend. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.

About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Earnings History and Estimates for Walt Disney Company (The) (NYSE:DIS)

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