FY2018 Earnings Forecast for Walt Disney Co Issued By Jefferies Group (DIS)

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.

Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $120.00 target price on shares of Walt Disney in a research note on Friday, November 10th. 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 report on Friday, November 10th. JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Friday, November 10th. Citigroup reissued a “buy” rating and issued a $119.00 price objective on shares of Walt Disney in a research note on Wednesday, November 1st. Finally, Vetr downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 price objective for the company. in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $119.13.

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.

COPYRIGHT VIOLATION NOTICE: “FY2018 Earnings Forecast for Walt Disney Co Issued By Jefferies Group (DIS)” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/02/09/fy2018-earnings-forecast-for-walt-disney-co-issued-by-jefferies-group-dis.html.

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.

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply