Q2 2024 EPS Estimates for The Walt Disney Company (NYSE:DIS) Increased by Analyst

The Walt Disney Company (NYSE:DIS) – Seaport Res Ptn lifted their Q2 2024 earnings per share estimates for Walt Disney in a note issued to investors on Tuesday, March 26th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings per share of $1.10 for the quarter, up from their prior estimate of $0.86. The consensus estimate for Walt Disney’s current full-year earnings is $4.66 per share. Seaport Res Ptn also issued estimates for Walt Disney’s Q3 2024 earnings at $1.24 EPS, Q4 2024 earnings at $1.19 EPS and FY2025 earnings at $5.26 EPS.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share.

A number of other equities research analysts have also issued reports on DIS. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $135.00 in a research note on Monday. Rosenblatt Securities decreased their price target on Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. Finally, Needham & Company LLC upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $116.64.

Walt Disney Stock Up 0.9 %

Shares of Walt Disney stock opened at $120.98 on Thursday. The business’s 50 day simple moving average is $106.66 and its 200 day simple moving average is $94.34. Walt Disney has a 52-week low of $78.73 and a 52-week high of $122.03. The firm has a market cap of $221.91 billion, a PE ratio of 74.68, a P/E/G ratio of 1.84 and a beta of 1.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently added to or reduced their stakes in DIS. WNY Asset Management LLC raised its position in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares during the last quarter. Silvia Mccoll Wealth Management LLC grew its holdings in shares of Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after acquiring an additional 164 shares during the period. Pathway Financial Advisors LLC grew its holdings in shares of Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the period. Tempus Wealth Planning LLC grew its holdings in shares of Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after acquiring an additional 546 shares during the period. Finally, DCM Advisors LLC grew its stake in shares of Walt Disney by 0.3% in the 2nd quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after buying an additional 198 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

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.