Brokers Offer Predictions for Walt Disney Co’s Q2 2018 Earnings (DIS)

Walt Disney Co (NYSE:DIS) – Investment analysts at B. Riley reduced their Q2 2018 EPS estimates for shares of Walt Disney in a research report issued to clients and investors on Friday. B. Riley analyst B. Crockett now forecasts that the entertainment giant will earn $1.53 per share for the quarter, down from their prior forecast of $1.54. B. Riley currently has a “Hold” rating and a $101.00 target price on the stock. B. Riley also issued estimates for Walt Disney’s FY2020 earnings at $6.78 EPS.

Walt Disney (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). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and set a $120.00 price target (down from $125.00) on shares of Walt Disney in a research note on Friday, September 8th. FBR & Co reaffirmed a “hold” rating and set a $97.00 price target on shares of Walt Disney in a research note on Friday, September 8th. Goldman Sachs Group upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Guggenheim reaffirmed a “buy” rating and set a $122.00 price target on shares of Walt Disney in a research note on Tuesday, September 5th. Finally, UBS reaffirmed a “buy” rating and set a $126.00 price target on shares of Walt Disney in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and an average target price of $113.44.

Walt Disney (DIS) opened at $111.27 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney has a 12 month low of $96.20 and a 12 month high of $116.10. The firm has a market cap of $168,052.41, a price-to-earnings ratio of 19.52, a PEG ratio of 2.37 and a beta of 1.38.

Several hedge funds have recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Walt Disney by 0.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock worth $241,000 after purchasing an additional 14 shares in the last quarter. Burt Wealth Advisors increased its position in Walt Disney by 0.5% during the 2nd quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock worth $338,000 after purchasing an additional 15 shares in the last quarter. Sonata Capital Group Inc. increased its position in Walt Disney by 0.7% during the 2nd quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock worth $290,000 after purchasing an additional 20 shares in the last quarter. Leisure Capital Management increased its position in Walt Disney by 0.5% during the 2nd quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock worth $473,000 after purchasing an additional 20 shares in the last quarter. Finally, First Capital Advisors Group LLC. increased its position in Walt Disney by 0.4% during the 2nd quarter. First Capital Advisors Group LLC. now owns 6,515 shares of the entertainment giant’s stock worth $692,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 61.51% of the company’s stock.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is currently 29.53%.

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Walt Disney 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 (NYSE:DIS)

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