FY2016 EPS Estimates for The Walt Disney Co. (DIS) Reduced by FBR & Co
The Walt Disney Co. (NYSE:DIS) – Analysts at FBR & Co cut their FY2016 earnings per share estimates for shares of The Walt Disney in a research note issued on Friday. FBR & Co analyst B. Crockett now anticipates that the brokerage will earn $5.75 per share for the year, down from their previous estimate of $5.77. FBR & Co currently has a “Hold” rating on the stock. FBR & Co also issued estimates for The Walt Disney’s Q4 2016 earnings at $1.13 EPS, Q1 2017 earnings at $1.46 EPS, Q2 2017 earnings at $1.44 EPS, Q4 2017 earnings at $1.27 EPS, FY2017 earnings at $5.73 EPS, FY2018 earnings at $6.42 EPS and FY2020 earnings at $7.45 EPS.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The Walt Disney’s revenue for the quarter was up 9.0% on a year-over-year basis.
Several other equities analysts have also weighed in on DIS. Royal Bank Of Canada restated a “hold” rating on shares of The Walt Disney in a research report on Monday, June 27th. Barclays PLC restated an “underweight” rating and set a $89.00 price objective on shares of The Walt Disney in a research report on Thursday, June 30th. Vetr lowered shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $108.99 price objective for the company. in a research report on Thursday, June 30th. Needham & Company LLC restated a “hold” rating on shares of The Walt Disney in a research report on Saturday, July 2nd. Finally, Jefferies Group restated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $109.56.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/fy2016-eps-estimates-for-the-walt-disney-co-dis-reduced-by-fbr-co.html
Shares of The Walt Disney (NYSE:DIS) opened at 91.30 on Monday. The firm’s 50-day moving average is $92.91 and its 200 day moving average is $97.49. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65. The stock has a market capitalization of $146.73 billion, a P/E ratio of 16.41 and a beta of 1.25.
Several large investors have recently modified their holdings of the stock. Parnassus Investments CA purchased a new stake in shares of The Walt Disney during the second quarter valued at approximately $392,780,000. Bank of Montreal Can purchased a new stake in shares of The Walt Disney during the second quarter valued at approximately $202,393,000. Emerald Acquisition Ltd. purchased a new stake in shares of The Walt Disney during the second quarter valued at approximately $201,593,000. Nordea Investment Management AB increased its stake in shares of The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock valued at $210,954,000 after buying an additional 1,749,646 shares in the last quarter. Finally, Cohen & Steers Inc. increased its stake in shares of The Walt Disney by 282.4% in the second quarter. Cohen & Steers Inc. now owns 1,200,000 shares of the entertainment giant’s stock valued at $1,194,000 after buying an additional 886,207 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
Receive News & Ratings for The Walt Disney Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney Co. and related companies with MarketBeat.com's FREE daily email newsletter.