The Walt Disney Company (NYSE:DIS) Expected to Post FY2024 Earnings of $4.84 Per Share

The Walt Disney Company (NYSE:DIS) – Investment analysts at Seaport Res Ptn reduced their FY2024 earnings per share estimates for shares of Walt Disney in a note issued to investors on Monday, June 17th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings of $4.84 per share for the year, down from their prior estimate of $4.89. The consensus estimate for Walt Disney’s current full-year earnings is $4.76 per share. Seaport Res Ptn also issued estimates for Walt Disney’s Q4 2024 earnings at $1.19 EPS.

Several other equities analysts have also recently issued reports on DIS. Macquarie boosted their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. 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. Loop Capital boosted their price objective on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.29.

Walt Disney Stock Performance

Shares of DIS stock opened at $101.50 on Wednesday. The stock has a market cap of $185.04 billion, a PE ratio of 110.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The business has a 50-day simple moving average of $106.45 and a 200-day simple moving average of $104.18. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. Walt Disney has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIS. ESL Trust Services LLC acquired a new position in Walt Disney in the first quarter valued at approximately $31,000. Planned Solutions Inc. acquired a new position in Walt Disney in the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $33,000. Finally, Stone House Investment Management LLC lifted its holdings in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Company Profile

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.