The Walt Disney Co. Expected to Earn FY2016 Earnings of $5.75 Per Share (DIS)
The Walt Disney Co. (NYSE:DIS) – Stock analysts at FBR & Co dropped their FY2016 earnings estimates for shares of The Walt Disney in a research report issued on Friday. FBR & Co analyst B. Crockett now anticipates that the firm will earn $5.75 per share for the year, down from their previous forecast of $5.77. FBR & Co currently has a “Hold” rating on the stock. FBR & Co also issued estimates for The Walt Disney’s Q4 2016 earnings at $1.13 EPS, Q1 2017 earnings at $1.46 EPS, Q2 2017 earnings at $1.44 EPS, Q4 2017 earnings at $1.27 EPS, FY2017 earnings at $5.73 EPS, FY2018 earnings at $6.42 EPS and FY2020 earnings at $7.45 EPS.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The business earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Several other research analysts have also recently issued reports on the company. BMO Capital Markets restated a “market perform” rating and issued a $90.00 price objective (down from $95.00) on shares of The Walt Disney in a research note on Monday. Nomura restated a “buy” rating and issued a $110.00 price objective (down from $115.00) on shares of The Walt Disney in a research note on Saturday. Jefferies Group restated a “hold” rating and issued a $92.00 price objective on shares of The Walt Disney in a research note on Wednesday, October 12th. Needham & Company LLC restated a “hold” rating on shares of The Walt Disney in a research note on Tuesday, October 4th. Finally, Citigroup Inc. restated a “buy” rating on shares of The Walt Disney in a research note on Friday, September 30th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.40.
The Walt Disney (NYSE:DIS) opened at 91.17 on Monday. The firm has a 50-day moving average price of $92.68 and a 200 day moving average price of $97.36. The company has a market capitalization of $146.52 billion, a P/E ratio of 16.39 and a beta of 1.25. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65.
Large investors have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in The Walt Disney during the second quarter valued at $103,000. Balentine LLC raised its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network raised its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital bought a new stake in shares of The Walt Disney during the first quarter worth approximately $158,000. Institutional investors own 57.96% of the company’s stock.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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