Analysts Offer Predictions for The Walt Disney Company’s FY2024 Earnings (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) – Research analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for shares of Walt Disney in a research note issued to investors on Monday, September 30th. Seaport Res Ptn analyst D. Joyce now expects that the entertainment giant will post earnings per share of $4.96 for the year, down from their prior forecast of $4.99. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for Walt Disney’s current full-year earnings is $4.92 per share. Seaport Res Ptn also issued estimates for Walt Disney’s Q1 2025 earnings at $1.37 EPS, Q3 2025 earnings at $1.28 EPS and Q4 2025 earnings at $1.36 EPS.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share.

DIS has been the subject of a number of other reports. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Macquarie lowered their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Price Performance

Shares of DIS stock opened at $94.05 on Wednesday. The stock has a market capitalization of $171.46 billion, a price-to-earnings ratio of 102.23, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a fifty day simple moving average of $90.50 and a two-hundred day simple moving average of $100.98.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Edge Capital Group LLC raised its holdings in shares of Walt Disney by 8.8% during the fourth quarter. Edge Capital Group LLC now owns 7,420 shares of the entertainment giant’s stock worth $670,000 after purchasing an additional 602 shares during the last quarter. Tairen Capital Ltd purchased a new position in shares of Walt Disney during the 4th quarter valued at about $59,944,000. Amussen Hunsaker Associates LLC lifted its holdings in shares of Walt Disney by 11.9% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 98,748 shares of the entertainment giant’s stock valued at $8,916,000 after buying an additional 10,513 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Walt Disney by 175.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 283,222 shares of the entertainment giant’s stock worth $25,572,000 after buying an additional 180,367 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Walt Disney by 0.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 206,644 shares of the entertainment giant’s stock worth $18,657,000 after acquiring an additional 1,617 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.