Q3 2018 Earnings Forecast for Walt Disney Co (DIS) Issued By B. Riley

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.

A number of other research analysts have also recently issued reports on the stock. Macquarie upgraded shares of Walt Disney from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $112.00 to $125.00 in a report on Tuesday, January 2nd. Goldman Sachs Group lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Pivotal Research reaffirmed a “sell” rating and issued a $93.00 price target (up previously from $91.00) on shares of Walt Disney in a research note on Tuesday, January 9th. Loop Capital reaffirmed a “buy” rating and issued a $106.00 price target on shares of Walt Disney in a research note on Monday, December 11th. Finally, Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and an average target price of $118.50.

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.

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

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