The Walt Disney Company (NYSE:DIS – Free Report) – Stock analysts at Seaport Res Ptn reduced their Q2 2024 EPS estimates for Walt Disney in a research note issued on Monday, October 30th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings per share of $1.12 for the quarter, down from their previous forecast of $1.56. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for Walt Disney’s current full-year earnings is $3.65 per share. Seaport Res Ptn also issued estimates for Walt Disney’s Q3 2024 earnings at $1.33 EPS, FY2024 earnings at $4.85 EPS and FY2025 earnings at $7.10 EPS.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Walt Disney’s revenue was up 3.8% on a year-over-year basis.
Walt Disney Stock Up 2.7 %
Shares of NYSE:DIS opened at $83.29 on Thursday. The company has a market cap of $152.40 billion, a price-to-earnings ratio of 65.91, a PEG ratio of 1.24 and a beta of 1.30. Walt Disney has a 12 month low of $78.73 and a 12 month high of $118.18. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $82.48 and a 200 day moving average price of $88.15.
Hedge Funds Weigh In On Walt Disney
Several hedge funds have recently made changes to their positions in DIS. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney during the 1st quarter valued at about $28,000. Worth Asset Management LLC purchased a new position in Walt Disney during the first quarter valued at approximately $29,000. GeoWealth Management LLC lifted its holdings in Walt Disney by 136.9% in the second quarter. GeoWealth Management LLC now owns 334 shares of the entertainment giant’s stock valued at $30,000 after acquiring an additional 193 shares during the period. MBM Wealth Consultants LLC boosted its position in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares in the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $39,000. 61.17% of the stock is owned by institutional investors and hedge funds.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
- Five stocks we like better than Walt Disney
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- A bullish storm is brewing for cloud stocks
- What Are the FAANG Stocks and Are They Good Investments?
- Is Extreme Networks’ forecast a sign of industry woes?
- Are Penny Stocks a Good Fit for Your Portfolio?
- Profits come after ignorance Is highest: A PayPal story
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.