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.
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%.
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.
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