Imperial Capital Weighs in on Walt Disney Co’s Q3 2019 Earnings (DIS)

Walt Disney Co (NYSE:DIS) – Stock analysts at Imperial Capital lowered their Q3 2019 earnings per share estimates for shares of Walt Disney in a report released on Monday, April 15th. Imperial Capital analyst D. Miller now anticipates that the entertainment giant will earn $1.86 per share for the quarter, down from their previous forecast of $1.95. Imperial Capital has a “Outperform” rating and a $139.00 price objective on the stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2019 earnings at $1.48 EPS, FY2019 earnings at $6.79 EPS, Q1 2020 earnings at $1.75 EPS, Q2 2020 earnings at $1.69 EPS, Q3 2020 earnings at $2.04 EPS, Q4 2020 earnings at $1.67 EPS and FY2021 earnings at $7.70 EPS.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.20 billion. During the same quarter last year, the business posted $1.89 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis.

A number of other research analysts have also recently weighed in on the company. Loop Capital raised their price target on Walt Disney to $140.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday. BTIG Research upgraded Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday. Bank of America set a $144.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, UBS Group set a $128.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and an average target price of $130.20.

Shares of DIS stock opened at $129.90 on Wednesday. Walt Disney has a fifty-two week low of $97.68 and a fifty-two week high of $132.70. The firm has a market capitalization of $196.84 billion, a PE ratio of 18.35, a PEG ratio of 3.80 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92.

In related news, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the sale, the executive vice president now owns 26,517 shares of the company’s stock, valued at approximately $3,032,218.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,000 shares of company stock valued at $4,708,940. 0.36% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of DIS. Eagle Capital Management LLC boosted its stake in Walt Disney by 2.3% in the 3rd quarter. Eagle Capital Management LLC now owns 26,193 shares of the entertainment giant’s stock worth $3,063,000 after buying an additional 589 shares during the last quarter. HC Financial Advisors Inc. boosted its stake in Walt Disney by 12.3% in the 3rd quarter. HC Financial Advisors Inc. now owns 32,000 shares of the entertainment giant’s stock worth $3,742,000 after buying an additional 3,495 shares during the last quarter. Usca Ria LLC boosted its stake in Walt Disney by 15.2% in the 3rd quarter. Usca Ria LLC now owns 29,089 shares of the entertainment giant’s stock worth $3,402,000 after buying an additional 3,846 shares during the last quarter. Markel Corp boosted its stake in Walt Disney by 1.7% in the 3rd quarter. Markel Corp now owns 1,799,200 shares of the entertainment giant’s stock worth $210,398,000 after buying an additional 30,000 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in Walt Disney by 1.7% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 84,477 shares of the entertainment giant’s stock worth $9,879,000 after buying an additional 1,373 shares during the last quarter. Hedge funds and other institutional investors own 64.63% of the company’s stock.

About Walt Disney

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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