The Walt Disney Company (NYSE:DIS) to Post FY2024 Earnings of $4.75 Per Share, Seaport Res Ptn Forecasts

The Walt Disney Company (NYSE:DIS) – Equities research analysts at Seaport Res Ptn upped their FY2024 earnings per share estimates for shares of Walt Disney in a research report issued on Tuesday, March 26th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings per share of $4.75 for the year, up from their prior estimate of $4.63. The consensus estimate for Walt Disney’s current full-year earnings is $4.66 per share. Seaport Res Ptn also issued estimates for Walt Disney’s Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.45 EPS and Q4 2025 earnings at $1.42 EPS.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year.

DIS has been the subject of a number of other research reports. Wells Fargo & Company increased their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Needham & Company LLC increased their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $117.77.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $122.36 on Wednesday. The stock has a fifty day moving average of $107.28 and a 200-day moving average of $94.53. The company has a market capitalization of $224.44 billion, a PE ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. Walt Disney has a one year low of $78.73 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is presently 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth about $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the 4th quarter worth about $28,000. Dark Forest Capital Management LP bought a new position in shares of Walt Disney during the 1st quarter valued at about $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $29,000. Finally, Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at about $30,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.