Brokers Issue Forecasts for Walt Disney Co’s Q3 2019 Earnings (DIS)

Walt Disney Co (NYSE:DIS) – Stock analysts at Imperial Capital boosted their Q3 2019 earnings per share (EPS) estimates for shares of Walt Disney in a report released on Monday, May 20th. Imperial Capital analyst D. Miller now expects that the entertainment giant will post earnings per share of $1.71 for the quarter, up from their prior forecast of $1.66. Imperial Capital currently has a “Outperform” rating and a $147.00 target price on the stock. Imperial Capital also issued estimates for Walt Disney’s Q1 2020 earnings at $1.66 EPS.

Several other research analysts also recently issued reports on DIS. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research note on Monday, April 8th. Citigroup upped their price objective on Walt Disney from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Goldman Sachs Group assumed coverage on Walt Disney in a research note on Thursday, April 4th. They issued a “buy” rating and a $142.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $142.42.

Walt Disney stock opened at $132.73 on Wednesday. Walt Disney has a 1 year low of $98.81 and a 1 year high of $142.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. The company has a market capitalization of $199.90 billion, a PE ratio of 18.75, a PEG ratio of 3.58 and a beta of 1.00.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The company had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of DIS. Oregon Public Employees Retirement Fund boosted its holdings in shares of Walt Disney by 14,778.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after buying an additional 52,838,274 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Walt Disney by 17.5% during the 1st quarter. BlackRock Inc. now owns 109,044,631 shares of the entertainment giant’s stock worth $12,107,226,000 after buying an additional 16,253,685 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter worth approximately $1,593,288,000. Janus Henderson Group PLC boosted its holdings in shares of Walt Disney by 883.1% during the 1st quarter. Janus Henderson Group PLC now owns 11,359,124 shares of the entertainment giant’s stock worth $1,261,214,000 after buying an additional 10,203,669 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Walt Disney by 37.2% during the 1st quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after buying an additional 9,190,235 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

In related news, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total value of $540,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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