Walt Disney Co (NYSE:DIS) – Jefferies Group lifted their FY2018 earnings per share estimates for Walt Disney in a report released on Tuesday. Jefferies Group analyst J. Janedis now expects that the entertainment giant will post earnings of $6.99 per share for the year, up from their previous estimate of $6.38. Jefferies Group currently has a “Hold” rating and a $112.00 price target on the stock. Jefferies Group also issued estimates for Walt Disney’s Q1 2019 earnings at $1.90 EPS, Q2 2019 earnings at $1.87 EPS, Q3 2019 earnings at $2.13 EPS, Q4 2019 earnings at $1.57 EPS, FY2019 earnings at $7.47 EPS and FY2020 earnings at $8.19 EPS.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The business had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter last year, the company earned $1.55 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis.
Walt Disney (DIS) traded down $0.55 during midday trading on Friday, hitting $100.80. 6,103,813 shares of the company traded hands, compared to its average volume of 8,681,026. The company has a current ratio of 0.87, a quick ratio of 0.74 and a debt-to-equity ratio of 0.43. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The company has a market capitalization of $152,190.00, a PE ratio of 14.33, a PEG ratio of 1.80 and a beta of 1.30.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s payout ratio is currently 23.86%.
Several hedge funds have recently added to or reduced their stakes in DIS. Janus Henderson Group PLC grew its holdings in Walt Disney by 929.6% in the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after purchasing an additional 4,885,398 shares during the period. AJO LP lifted its holdings in Walt Disney by 12,331.6% in the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after acquiring an additional 3,273,787 shares during the period. Vanguard Group Inc. lifted its holdings in Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 247.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after acquiring an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Walt Disney by 48.7% in the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after acquiring an additional 1,740,128 shares during the period. 61.58% of the stock is owned by hedge funds and other institutional investors.
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About Walt Disney
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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