Walt Disney Co (NYSE:DIS) – Research analysts at B. Riley increased their Q3 2018 EPS estimates for Walt Disney in a report issued on Wednesday. B. Riley analyst B. Crockett now anticipates that the entertainment giant will earn $2.19 per share for the quarter, up from their prior estimate of $2.14. B. Riley currently has a “Buy” rating and a $125.00 target price on the stock. B. Riley also issued estimates for Walt Disney’s Q4 2018 earnings at $1.38 EPS, FY2019 earnings at $7.79 EPS and FY2020 earnings at $8.41 EPS.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.55%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share.
Shares of Walt Disney (NYSE DIS) traded down $0.82 during midday trading on Thursday, reaching $103.94. 3,287,216 shares of the company were exchanged, compared to its average volume of 8,408,069. The firm has a market capitalization of $156,510.00, a PE ratio of 14.76, a P/E/G ratio of 1.85 and a beta of 1.30. 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 52-week low of $96.20 and a 52-week high of $116.10.
Several large investors have recently added to or reduced their stakes in DIS. Saratoga Research & Investment Management raised its holdings in Walt Disney by 14.5% in the 2nd quarter. Saratoga Research & Investment Management now owns 52,728 shares of the entertainment giant’s stock valued at $5,602,000 after buying an additional 6,678 shares during the last quarter. Rothschild Asset Management Inc. raised its holdings in Walt Disney by 6,944.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 520,599 shares of the entertainment giant’s stock valued at $55,314,000 after buying an additional 513,209 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Walt Disney by 1.5% in the 2nd quarter. CIBC Asset Management Inc now owns 138,277 shares of the entertainment giant’s stock valued at $14,692,000 after buying an additional 2,013 shares during the last quarter. Heritage Wealth Advisors raised its holdings in Walt Disney by 4.2% in the 2nd quarter. Heritage Wealth Advisors now owns 15,563 shares of the entertainment giant’s stock valued at $1,657,000 after buying an additional 627 shares during the last quarter. Finally, Lourd Capital LLC raised its holdings in Walt Disney by 1.5% in the 2nd quarter. Lourd Capital LLC now owns 4,240 shares of the entertainment giant’s stock valued at $451,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 61.58% of the company’s stock.
The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were issued a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio is currently 23.86%.
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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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