Brokers Issue Forecasts for The Walt Disney Company's Q3 2024 Earnings (NYSE:DIS)

The Walt Disney Company (NYSE:DIS - Free Report) - Analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for Walt Disney in a note issued to investors on Thursday, July 18th. Zacks Research analyst R. Department now expects that the entertainment giant will post earnings per share of $1.18 for the quarter, down from their prior forecast of $1.19. The consensus estimate for Walt Disney's current full-year earnings is $4.75 per share. Zacks Research also issued estimates for Walt Disney's Q4 2024 earnings at $1.10 EPS, Q4 2025 earnings at $1.35 EPS and Q1 2026 earnings at $1.43 EPS.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share.

Several other research analysts have also commented on DIS. The Goldman Sachs Group started coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a "buy" rating and a $125.00 price target for the company. Macquarie raised their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 23rd. Finally, Raymond James raised their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $126.44.

Walt Disney Trading Down 1.7 %

DIS traded down $1.60 on Monday, hitting $94.14. The company had a trading volume of 13,353,349 shares, compared to its average volume of 11,245,641. The company has a market cap of $171.62 billion, a PE ratio of 102.48, a PEG ratio of 1.19 and a beta of 1.40. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The business's fifty day simple moving average is $100.71 and its 200 day simple moving average is $105.36.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company's stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently made changes to their positions in the stock. BKM Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter valued at $39,000. CX Institutional raised its position in shares of Walt Disney by 131.4% in the fourth quarter. CX Institutional now owns 7,785 shares of the entertainment giant's stock worth $703,000 after acquiring an additional 4,420 shares during the period. Cooper Financial Group raised its position in shares of Walt Disney by 7.1% in the fourth quarter. Cooper Financial Group now owns 8,396 shares of the entertainment giant's stock worth $758,000 after acquiring an additional 554 shares during the period. CoreCap Advisors LLC raised its position in shares of Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant's stock worth $2,176,000 after acquiring an additional 118 shares during the period. Finally, LVW Advisors LLC raised its position in shares of Walt Disney by 26.2% in the fourth quarter. LVW Advisors LLC now owns 4,031 shares of the entertainment giant's stock worth $364,000 after acquiring an additional 838 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.