Walt Disney Company (The) (DIS) Forecasted to Post Q2 2018 Earnings of $1.54 Per Share

Walt Disney Company (The) (NYSE:DIS) – Equities research analysts at B. Riley issued their Q2 2018 earnings estimates for shares of Walt Disney Company (The) in a research note issued on Friday. B. Riley analyst B. Crockett forecasts that the entertainment giant will post earnings of $1.54 per share for the quarter. B. Riley has a “Hold” rating and a $101.00 price objective on the stock. B. Riley also issued estimates for Walt Disney Company (The)’s Q3 2018 earnings at $1.79 EPS, FY2018 earnings at $5.95 EPS, FY2019 earnings at $6.28 EPS and FY2020 earnings at $6.80 EPS.

A number of other equities research analysts also recently weighed in on the company. Vetr downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $106.77 price target for the company. in a research note on Monday. Royal Bank Of Canada set a $125.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Sunday. Piper Jaffray Companies reissued a “buy” rating and issued a $120.00 price objective on shares of Walt Disney Company (The) in a research note on Friday. J P Morgan Chase & Co set a $125.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Friday. Finally, Loop Capital cut their price objective on Walt Disney Company (The) from $104.00 to $103.00 and set a “hold” rating on the stock in a research note on Friday. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.79.

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Walt Disney Company (NYSE DIS) traded down $0.04 on Monday, hitting $104.74. The stock had a trading volume of 7,856,000 shares, compared to its average volume of 7,201,487. Walt Disney Company has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market cap of $161,725.94, a P/E ratio of 18.38, a PEG ratio of 2.30 and a beta of 1.37.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney Company (The) had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share.

Large investors have recently bought and sold shares of the business. Tdam USA Inc. grew its stake in Walt Disney Company (The) by 4.1% in the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after acquiring an additional 7,785 shares during the period. State Treasurer State of Michigan boosted its position in shares of Walt Disney Company (The) by 73.3% during the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after buying an additional 573,000 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV boosted its position in shares of Walt Disney Company (The) by 7.9% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after buying an additional 1,800 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Walt Disney Company (The) by 1.4% during the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after buying an additional 2,351 shares during the period. Finally, Connecticut Wealth Management LLC boosted its position in shares of Walt Disney Company (The) by 1.4% during the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after buying an additional 42 shares during the period. 61.06% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company (The) Company Profile

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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