The Walt Disney Company (NYSE:DIS - Free Report) - Stock analysts at Seaport Res Ptn reduced their Q3 2024 earnings per share (EPS) estimates for shares of Walt Disney in a report issued on Monday, June 17th. Seaport Res Ptn analyst D. Joyce now forecasts that the entertainment giant will earn $1.21 per share for the quarter, down from their prior forecast of $1.24. The consensus estimate for Walt Disney's current full-year earnings is $4.76 per share. Seaport Res Ptn also issued estimates for Walt Disney's Q1 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.38 EPS and FY2025 earnings at $4.95 EPS.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share.
DIS has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They issued an "overweight" rating and a $140.00 price target for the company. Daiwa Capital Markets restated a "buy" rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Bank of America upped their target price on Walt Disney from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Redburn Atlantic upgraded Walt Disney from a "sell" rating to a "neutral" rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Finally, Tigress Financial restated a "buy" rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.29.
Read Our Latest Report on DIS
Walt Disney Trading Down 0.0 %
Shares of DIS stock traded down $0.02 on Tuesday, hitting $101.50. The company had a trading volume of 7,027,160 shares, compared to its average volume of 11,493,777. The firm has a market cap of $185.04 billion, a P/E ratio of 110.33, a P/E/G ratio of 1.24 and a beta of 1.40. The stock's 50-day moving average is $106.76 and its two-hundred day moving average is $104.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74.
Insider Activity at Walt Disney
In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company's stock, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director James P. Gorman bought 20,000 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company's stock, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Walt Disney
A number of large investors have recently made changes to their positions in DIS. Planned Solutions Inc. bought a new stake in Walt Disney during the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the fourth quarter worth about $28,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the third quarter worth about $30,000. Stone House Investment Management LLC increased its holdings in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant's stock worth $31,000 after buying an additional 270 shares during the period. Finally, ESL Trust Services LLC purchased a new position in shares of Walt Disney in the first quarter worth about $31,000. 65.71% of the stock is owned by institutional investors.
Walt Disney Company Profile
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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.
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