Zacks reissued their neutral rating on shares of The Walt Disney Company (NYSE:DIS) in a research report sent to investors on Thursday. They currently have a $92.00 price target on the stock.
Zacks’ analyst wrote, “Incredible success of its movies at the box office helped Disney post yet another quarter of better-than-expected results wherein both the top and bottom lines registered growth of 8% and 24%, respectively. In fact, third-quarter fiscal 2014 earnings of $1.28 per share were the highest in the company’s history. All the segments with the exception of Media Networks continued to deliver double digit profits. We believe that the robust pipeline of movies and sustained growth at Parks and Resorts along with booming opportunities for Interactive segment given releases of new gaming titles will boost revenues in the upcoming quarters. However, higher sports rights as well as increased programming and production costs along with deteriorating traditional advertising revenue trends are near-term headwinds compel us to be on the sidelines. Thus, we reiterate our Neutral recommendation on the stock.”
The Walt Disney Company (NYSE:DIS) opened at 89.67 on Thursday. The Walt Disney Company has a 52 week low of $60.41 and a 52 week high of $89.47. The stock’s 50-day moving average is $86.55 and its 200-day moving average is $81.87. The company has a market cap of $153.9 billion and a P/E ratio of 21.44.
The Walt Disney Company (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.12. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter last year, the company posted $1.03 earnings per share. The Walt Disney Company’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post $4.29 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Argus raised their price target on shares of The Walt Disney Company from $96.00 to $101.00 in a research note on Tuesday, August 12th. They now have a buy rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of The Walt Disney Company in a research note on Wednesday, August 6th. They now have a $100.00 price target on the stock, up previously from $90.00. Finally, analysts at Nomura reiterated a buy rating on shares of The Walt Disney Company in a research note on Wednesday, August 6th. They now have a $97.00 price target on the stock, up previously from $95.00. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $88.03.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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