Q1 2018 EPS Estimates for Walt Disney Co Lifted by Analyst (NYSE:DIS)

Walt Disney Co (NYSE:DIS) – Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for Walt Disney in a research report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst J. Janedis now expects that the entertainment giant will earn $1.64 per share for the quarter, up from their previous forecast of $1.55. Jefferies Group currently has a “Hold” rating and a $112.00 target price on the stock. Jefferies Group also issued estimates for Walt Disney’s Q3 2018 earnings at $1.81 EPS, Q4 2018 earnings at $1.28 EPS and FY2018 earnings at $6.38 EPS.

DIS has been the topic of several other reports. JPMorgan Chase & Co. set a $125.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Friday, November 10th. Piper Jaffray Companies set a $130.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Tuesday, October 31st. Rosenblatt Securities upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Vetr lowered Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price target on the stock. in a report on Monday, November 13th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $118.63.

Walt Disney (NYSE DIS) traded up $1.74 during mid-day trading on Friday, reaching $103.09. The company’s stock had a trading volume of 12,305,151 shares, compared to its average volume of 8,650,000. The company has a current ratio of 0.87, a quick ratio of 0.74 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $155,700.00, a price-to-earnings ratio of 14.64, a PEG 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 posted its 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. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after buying an additional 2,131,932 shares during the last quarter. Northern Trust Corp grew its position in shares of Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares during the last quarter. Legal & General Group Plc grew its position in shares of Walt Disney by 3.8% in the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after purchasing an additional 300,973 shares during the last quarter. Parnassus Investments CA grew its position in shares of Walt Disney by 19.3% in the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after purchasing an additional 1,123,949 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 44.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,032,917 shares of the entertainment giant’s stock valued at $648,599,000 after purchasing an additional 1,860,702 shares during the last quarter. Institutional investors and hedge funds 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.

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