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

Walt Disney Co (NYSE:DIS) – Jefferies Group boosted their FY2018 EPS estimates for Walt Disney in a report released on Tuesday. Jefferies Group analyst J. Janedis now anticipates that the entertainment giant will post earnings per share of $6.99 for the year, up from their prior forecast 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.

A number of other brokerages also recently issued reports on DIS. Pivotal Research raised their price target on Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research report on Thursday, December 14th. B. Riley boosted their price target on Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley dropped their price target on Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, October 31st. Piper Jaffray Companies reiterated a “buy” rating and set a $120.00 price target on shares of Walt Disney in a research report on Wednesday, November 22nd. Finally, Loop Capital boosted their price target on Walt Disney from $106.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $119.13.

Walt Disney (NYSE DIS) traded down $0.55 during midday trading on Friday, hitting $100.80. The stock had a trading volume of 6,103,813 shares, compared to its average volume of 8,681,026. The company has a quick ratio of 0.74, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $152,190.00, a P/E ratio of 14.33, a P/E/G ratio of 1.80 and a beta of 1.30. Walt Disney has a 52-week low of $96.20 and a 52-week high of $116.10.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The company had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter in the prior year, the business earned $1.55 EPS. Walt Disney’s revenue was up 3.8% on a year-over-year basis.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 23.86%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lee Financial Co raised its holdings in Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Front Row Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $122,000. Legacy Advisors LLC acquired a new position in Walt Disney in the third quarter valued at approximately $137,000. Malaga Cove Capital LLC acquired a new position in Walt Disney in the third quarter valued at approximately $140,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in Walt Disney in the third quarter valued at approximately $142,000. Institutional investors own 61.58% of the company’s stock.

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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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