Q3 2024 EPS Estimates for The Walt Disney Company (NYSE:DIS) Lifted by Analyst

The Walt Disney Company (NYSE:DIS) – Analysts at Seaport Res Ptn increased their Q3 2024 earnings per share estimates for Walt Disney in a research note issued to investors on Thursday, June 20th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings of $1.22 per share for the quarter, up from their previous estimate of $1.21. The consensus estimate for Walt Disney’s current full-year earnings is $4.75 per share. Seaport Res Ptn also issued estimates for Walt Disney’s FY2024 earnings at $4.86 EPS and FY2025 earnings at $5.53 EPS.

Walt Disney (NYSE:DIS) last announced 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 business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS.

Several other research firms have also recently issued reports on DIS. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. Guggenheim increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Rosenblatt Securities raised their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.29.

Walt Disney Stock Down 0.3 %

NYSE DIS opened at $101.98 on Monday. The business’s 50-day moving average is $105.68 and its 200 day moving average is $104.49. The stock has a market capitalization of $185.91 billion, a PE ratio of 110.85, a PEG ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. Walt Disney has a 1 year low of $78.73 and a 1 year high of $123.74.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of DIS. Keynote Financial Services LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at about $1,070,000. IMS Capital Management boosted its position in shares of Walt Disney by 1.2% in the first quarter. IMS Capital Management now owns 20,260 shares of the entertainment giant’s stock worth $2,479,000 after purchasing an additional 246 shares during the period. OMC Financial Services LTD purchased a new position in shares of Walt Disney during the 1st quarter valued at $1,138,000. EverSource Wealth Advisors LLC lifted its stake in shares of Walt Disney by 32.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,303 shares of the entertainment giant’s stock valued at $1,138,000 after buying an additional 2,262 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Walt Disney by 20.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,158 shares of the entertainment giant’s stock worth $631,000 after buying an additional 884 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. Company insiders own 0.10% 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.