The Walt Disney Company to Post Q2 2024 Earnings of $1.10 Per Share, Seaport Res Ptn Forecasts (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) – Stock analysts at Seaport Res Ptn increased their Q2 2024 EPS estimates for Walt Disney in a research note issued to investors on Tuesday, March 26th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings of $1.10 per share 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 posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The business’s revenue was down .1% compared to the same quarter last year.

Several other brokerages also recently commented on DIS. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Rosenblatt Securities reduced their price target on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Tigress Financial reiterated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $116.64.

Walt Disney Stock Up 0.9 %

DIS opened at $120.98 on Thursday. Walt Disney has a fifty-two week low of $78.73 and a fifty-two week high of $122.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm’s fifty day moving average price is $106.66 and its two-hundred day moving average price is $94.34. The company has a market capitalization of $221.91 billion, a P/E ratio of 74.68, a P/E/G ratio of 1.84 and a beta of 1.41.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now 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 can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Trian Fund Management L.P. grew its position in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the period. Moneta Group Investment Advisors LLC grew its position in Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares during the period. Norges Bank acquired a new stake in Walt Disney in the 4th quarter valued at $1,938,647,000. Morgan Stanley grew its position in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares during the period. Finally, ValueAct Holdings L.P. acquired a new stake in Walt Disney in the 4th quarter valued at $459,245,000. 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.