Q1 2020 EPS Estimates for Walt Disney Co (NYSE:DIS) Cut by Imperial Capital

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Walt Disney Co (NYSE:DIS) – Imperial Capital dropped their Q1 2020 earnings per share (EPS) estimates for Walt Disney in a research report issued to clients and investors on Monday, August 12th. Imperial Capital analyst D. Miller now expects that the entertainment giant will post earnings per share of $1.55 for the quarter, down from their previous forecast of $1.65. Imperial Capital has a “Outperform” rating and a $147.00 price target on the stock. Imperial Capital also issued estimates for Walt Disney’s Q2 2020 earnings at $1.54 EPS and Q3 2020 earnings at $1.59 EPS.

Other analysts have also issued research reports about the stock. Barclays upped their target price on shares of Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Loop Capital upped their target price on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 target price on shares of Walt Disney in a research note on Monday, May 6th. Moffett Nathanson set a $150.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $148.61.

NYSE DIS opened at $133.41 on Wednesday. Walt Disney has a 1 year low of $100.35 and a 1 year high of $147.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The firm has a market cap of $244.52 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 4.35 and a beta of 0.96. The company has a fifty day moving average price of $141.26 and a 200-day moving average price of $128.68.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. During the same quarter in the previous year, the company earned $1.87 EPS. The business’s revenue was up 32.9% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Oregon Public Employees Retirement Fund lifted its holdings in Walt Disney by 14,778.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after purchasing an additional 52,838,274 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Walt Disney by 6,385.2% during the second quarter. Nuveen Asset Management LLC now owns 16,253,462 shares of the entertainment giant’s stock valued at $2,269,633,000 after purchasing an additional 16,002,838 shares during the last quarter. FMR LLC lifted its holdings in Walt Disney by 37.2% during the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after purchasing an additional 9,190,235 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 2,490.8% in the second quarter. Jennison Associates LLC now owns 7,164,008 shares of the entertainment giant’s stock worth $1,000,382,000 after buying an additional 6,887,494 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Walt Disney by 29.9% in the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after buying an additional 6,386,504 shares in the last quarter. 64.50% of the stock is currently owned by institutional investors and hedge funds.

In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $144.25, for a total transaction of $288,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,423 shares of company stock valued at $21,743,165. 0.36% of the stock is owned by company insiders.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 8th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is currently 24.86%.

About Walt Disney

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Earnings History and Estimates for Walt Disney (NYSE:DIS)

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