FY2018 Earnings Forecast for Walt Disney Co Issued By B. Riley (DIS)
Walt Disney Co (NYSE:DIS) – Equities research analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for Walt Disney in a note issued to investors on Tuesday. B. Riley analyst B. Crockett now forecasts that the entertainment giant will post earnings per share of $6.90 for the year, up from their previous forecast of $5.95. B. Riley has a “Hold” rating and a $101.00 price target on the stock.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year.
Shares of Walt Disney (NYSE:DIS) traded down $1.56 during midday trading on Thursday, reaching $110.41. The company’s stock had a trading volume of 6,270,833 shares, compared to its average volume of 7,368,618. 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 $167,130.00, a price-to-earnings ratio of 19.44, a PEG ratio of 1.97 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.
The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were paid a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s payout ratio is 29.58%.
Hedge funds have recently modified their holdings of the stock. Lee Financial Co raised its stake in shares of Walt Disney by 7.6% in the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after acquiring an additional 74 shares in the last quarter. Legacy Advisors LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at approximately $137,000. Malaga Cove Capital LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at approximately $140,000. Wealthcare Advisory Partners LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at approximately $142,000. Finally, Krilogy Financial LLC raised its stake in shares of Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after acquiring an additional 166 shares in the last quarter. 61.55% of the stock is currently owned by institutional investors and hedge funds.
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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.
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