Published On: Fri, Sep 23rd, 2016

FY2016 Earnings Estimate for The Walt Disney Co. Issued By Jefferies Group (DIS)

The Walt Disney Co. (NYSE:DIS) – Equities researchers at Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for shares of The Walt Disney in a report released on Wednesday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings per share of $5.73 for the year, down from their prior forecast of $5.74. Jefferies Group has a “Hold” rating and a $92.00 price target on the stock. Jefferies Group also issued estimates for The Walt Disney’s Q4 2016 earnings at $1.11 EPS, FY2017 earnings at $5.96 EPS and FY2018 earnings at $6.64 EPS.
A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus downgraded shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 target price on the stock. in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Barclays PLC restated an “underweight” rating and set a $89.00 target price on shares of The Walt Disney in a research report on Thursday, June 30th. Citigroup Inc. cut their target price on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Morgan Stanley increased their price target on shares of The Walt Disney from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $118.00 price target on shares of The Walt Disney in a research report on Saturday, August 13th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The Walt Disney has a consensus rating of “Hold” and an average price target of $109.77.
The Walt Disney (NYSE:DIS) traded down 0.07% during mid-day trading on Friday, reaching $93.34. 2,035,937 shares of the company’s stock were exchanged. The company has a market cap of $150.01 billion, a PE ratio of 16.78 and a beta of 1.28. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65. The stock has a 50-day moving average price of $94.86 and a 200 day moving average price of $98.17.

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The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The firm earned $14.20 billion during the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Carnick & Kubik Group LLC acquired a new position in The Walt Disney during the second quarter worth about $1,466,000. Williams Jones & Associates LLC boosted its stake in The Walt Disney by 13.6% in the second quarter. Williams Jones & Associates LLC now owns 117,635 shares of the entertainment giant’s stock valued at $11,507,000 after buying an additional 14,070 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in The Walt Disney during the second quarter valued at $5,895,000. Kentucky Retirement Systems purchased a new stake in The Walt Disney during the second quarter valued at $12,416,000. Finally, Mason Street Advisors LLC purchased a new stake in The Walt Disney during the second quarter valued at $19,667,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
About The Walt Disney
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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