The Walt Disney Company (NYSE:DIS) to Post FY2024 Earnings of $4.75 Per Share, Seaport Res Ptn Forecasts

The Walt Disney Company (NYSE:DIS) – Equities researchers at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for Walt Disney in a report issued on Tuesday, March 26th. Seaport Res Ptn analyst D. Joyce now forecasts that the entertainment giant will post earnings of $4.75 per share for the year, up from their prior forecast of $4.63. 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 Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.45 EPS and Q4 2025 earnings at $1.42 EPS.

A number of other equities analysts also recently commented on the company. Needham & Company LLC lifted their price objective on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $95.00 to $135.00 in a research report on Monday. Rosenblatt Securities reduced their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Finally, Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.77.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $122.36 on Wednesday. Walt Disney has a one year low of $78.73 and a one year high of $123.74. The company has a market cap of $224.44 billion, a price-to-earnings ratio of 75.61, a PEG ratio of 1.84 and a beta of 1.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The business’s 50 day moving average price is $107.28 and its 200 day moving average price is $94.53.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the business posted $0.99 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year.

Walt Disney Cuts Dividend

The business 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. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Large investors have recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC acquired a new stake in shares of Walt Disney in the 1st quarter worth approximately $29,000. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $28,000. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Walt Disney by 172.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock worth $78,000 after acquiring an additional 202 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

About Walt Disney

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.