KeyCorp Research Analysts Lift Earnings Estimates for The Walt Disney Company (NYSE:DIS)

Posted by on Sep 7th, 2023

The Walt Disney Company (NYSE:DIS – Free Report) – Equities researchers at KeyCorp boosted their Q4 2023 earnings estimates for shares of Walt Disney in a research note issued to investors on Monday, September 4th. KeyCorp analyst B. Nispel now anticipates that the entertainment giant will post earnings per share of $1.09 for the quarter, up from their previous forecast of $1.03. KeyCorp currently has a “Overweight” rating and a $107.00 price objective on the stock. The consensus estimate for Walt Disney’s current full-year earnings is $3.68 per share. KeyCorp also issued estimates for Walt Disney’s Q2 2024 earnings at $1.79 EPS and Q3 2024 earnings at $1.94 EPS.

Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS.

A number of other equities research analysts have also recently commented on the company. StockNews.com started coverage on Walt Disney in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Credit Suisse Group decreased their price target on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. Loop Capital dropped their price target on shares of Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Citigroup decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, August 16th. Finally, Atlantic Securities lowered Walt Disney from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $113.00 to $76.00 in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.26.

View Our Latest Stock Report on Walt Disney

Walt Disney Trading Down 0.3 %

NYSE DIS opened at $80.98 on Wednesday. The stock has a market capitalization of $148.18 billion, a price-to-earnings ratio of 65.84, a PEG ratio of 1.64 and a beta of 1.28. Walt Disney has a one year low of $80.53 and a one year high of $118.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The business’s fifty day moving average is $86.67 and its 200-day moving average is $92.55.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of DIS. Dark Forest Capital Management LP purchased a new stake in shares of Walt Disney in the 1st quarter worth about $28,000. Worth Asset Management LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth about $29,000. GeoWealth Management LLC lifted its position in shares of Walt Disney by 136.9% in the 2nd quarter. GeoWealth Management LLC now owns 334 shares of the entertainment giant’s stock worth $30,000 after purchasing an additional 193 shares during the period. MBM Wealth Consultants LLC lifted its position in shares of 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 during the period. Finally, Silicon Valley Capital Partners bought a new position in shares of Walt Disney in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the sale, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

About Walt Disney

(Get Free Report)

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.

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Earnings History and Estimates for Walt Disney (NYSE:DIS)

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