Walt Disney Co (NYSE:DIS) – Imperial Capital reduced their Q2 2020 earnings per share estimates for Walt Disney in a research note issued on Wednesday, November 20th. Imperial Capital analyst D. Miller now expects that the entertainment giant will post earnings of $1.44 per share for the quarter, down from their prior estimate of $1.50. Imperial Capital currently has a “Inline” rating and a $143.00 target price on the stock. Imperial Capital also issued estimates for Walt Disney’s Q3 2020 earnings at $1.41 EPS, FY2020 earnings at $5.56 EPS, Q1 2021 earnings at $1.74 EPS, Q2 2021 earnings at $1.91 EPS, Q3 2021 earnings at $1.90 EPS, Q4 2021 earnings at $1.59 EPS and FY2021 earnings at $7.13 EPS.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.12. The company had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 earnings per share.

Other analysts have also issued reports about the stock. Evercore ISI restated a “buy” rating and set a $155.00 target price on shares of Walt Disney in a research report on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 price target (up previously from $170.00) on shares of Walt Disney in a report on Monday. Sanford C. Bernstein set a $130.00 price target on shares of Walt Disney and gave the company a “hold” rating in a report on Thursday, September 12th. Credit Suisse Group set a $163.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, ValuEngine downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Walt Disney has an average rating of “Buy” and an average price target of $152.61.

Shares of NYSE DIS opened at $146.93 on Thursday. The firm has a 50 day moving average of $133.86 and a 200 day moving average of $136.55. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $264.68 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 5.40 and a beta of 0.96. Walt Disney has a 12-month low of $100.35 and a 12-month high of $150.63.

In other news, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total value of $642,686.40. Following the transaction, the chief financial officer now owns 135,756 shares of the company’s stock, valued at $18,897,235.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $149.00, for a total transaction of $596,000.00. Following the sale, the executive vice president now directly owns 36,479 shares in the company, valued at approximately $5,435,371. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DIS. Glenview State Bank Trust DEPT. increased its position in Walt Disney by 0.5% during the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock valued at $2,103,000 after acquiring an additional 70 shares during the last quarter. Aft Forsyth & Company Inc. grew its holdings in shares of Walt Disney by 0.9% in the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after purchasing an additional 70 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in shares of Walt Disney by 0.5% in the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock worth $1,952,000 after purchasing an additional 74 shares during the last quarter. Botty Investors LLC grew its holdings in shares of Walt Disney by 4.8% in the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after purchasing an additional 75 shares during the last quarter. Finally, Wealthquest Corp grew its holdings in shares of Walt Disney by 1.6% in the second quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock worth $666,000 after purchasing an additional 76 shares during the last quarter. 68.90% of the stock is currently 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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