Clsa Americas Weighs in on The Walt Disney Co.’s FY2017 Earnings (DIS)
The Walt Disney Co. (NYSE:DIS) – Investment analysts at Clsa Americas reduced their FY2017 EPS estimates for The Walt Disney in a research report issued to clients and investors on Friday. Clsa Americas analyst V. Karasyov now forecasts that the brokerage will earn $6.01 per share for the year, down from their previous forecast of $6.18. Clsa Americas also issued estimates for The Walt Disney’s FY2018 earnings at $6.85 EPS and FY2019 earnings at $7.48 EPS.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.06. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company earned $13.14 billion during the quarter, compared to analysts’ expectations of $13.71 billion. During the same period last year, the firm earned $1.20 earnings per share. The Walt Disney’s revenue was down 2.7% on a year-over-year basis.
Other equities analysts also recently issued research reports about the stock. Pivotal Research reaffirmed a “buy” rating and set a $122.00 price target on shares of The Walt Disney in a research note on Sunday, July 24th. Citigroup Inc. dropped their price objective on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Hilliard Lyons raised shares of The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. Loop Capital reissued a “buy” rating and issued a $114.00 price objective on shares of The Walt Disney in a research report on Tuesday, September 27th. Finally, Nomura reissued a “buy” rating and issued a $115.00 price objective on shares of The Walt Disney in a research report on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.39.
Shares of The Walt Disney (NYSE:DIS) traded down 0.4614% during midday trading on Monday, reaching $97.7867. 3,095,489 shares of the company were exchanged. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65. The stock’s 50-day moving average price is $93.52 and its 200-day moving average price is $96.38. The company has a market capitalization of $156.46 billion, a PE ratio of 17.0657 and a beta of 1.21.
In other The Walt Disney news, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the transaction, the executive vice president now directly owns 135,614 shares in the company, valued at approximately $13,425,786. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of The Walt Disney during the second quarter worth approximately $103,000. Balentine LLC boosted its stake in 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. Lombard Odier Transatlantic Limited Partnership boosted its stake in The Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the last quarter. Krilogy Financial LLC boosted its stake in 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. Finally, TLP Group LLC acquired a new stake in The Walt Disney during the third quarter worth about $129,000. Institutional investors own 57.27% of the company’s stock.
The Walt Disney Company Profile
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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