Analysts Offer Predictions for Walt Disney Co’s Q2 2019 Earnings (DIS)

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Walt Disney Co (NYSE:DIS) – Research analysts at Imperial Capital cut their Q2 2019 EPS estimates for shares of Walt Disney in a note issued to investors on Tuesday, February 12th. Imperial Capital analyst D. Miller now anticipates that the entertainment giant will earn $1.73 per share for the quarter, down from their previous forecast of $1.89. Imperial Capital has a “Outperform” rating and a $129.00 price objective on the stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2019 earnings at $1.57 EPS and Q2 2020 earnings at $1.91 EPS.

Other analysts have also issued reports about the stock. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Loop Capital raised their price objective on shares of Walt Disney to $130.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Argus lifted their price target on shares of Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 12th. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a report on Tuesday. Finally, Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $124.84.

Shares of Walt Disney stock opened at $110.20 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92. The stock has a market capitalization of $162.79 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.96. Walt Disney has a 1 year low of $97.68 and a 1 year high of $120.20.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.20 billion. During the same period last year, the company posted $1.89 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year.

In other Walt Disney news, EVP Brent Woodford sold 723 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $110.10, for a total value of $79,602.30. Following the completion of the sale, the executive vice president now directly owns 23,034 shares of the company’s stock, valued at approximately $2,536,043.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now directly owns 106,390 shares of the company’s stock, valued at $11,458,203. The disclosure for this sale can be found here. Insiders sold a total of 14,648 shares of company stock worth $1,616,684 in the last 90 days. 0.36% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Litman Gregory Asset Management LLC purchased a new stake in Walt Disney during the fourth quarter worth approximately $25,000. Crewe Advisors LLC lifted its stake in Walt Disney by 55.6% in the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Portfolio Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $43,000. Contravisory Investment Management Inc. increased its holdings in shares of Walt Disney by 176.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 261 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $48,000. 66.58% of the stock is owned by institutional investors.

Walt Disney Company Profile

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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