JP Morgan raised the price target for the Walt Disney Co (NYSE:DIS) stock to “an Overweight”. The rating was released on Apr-12-24, according to finviz. We previously noted in another research note published on March 27, 2024 by UBS that reiterated the stock to a Buy with a price target of $140 for DIS stock. The research report from Barclays has upgraded the stock from Equal Weight to Overweight, with a price target set at $135. The stock was upgraded by Needham, who disclosed in a research note on February 08, 2024, from Hold to Buy and set the price objective to $120. In their research brief published October 16, 2023, UBS analysts reiterated the Walt Disney Co stock to Buy with a price target of $110.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $1.12 during the last quarter as opposed to a consensus estimate of $0.91, which indicates the company beat its estimate by $0.21, which implies that the company surprised the market by 23.10%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $1.01. This is an average of 20 analysts’ earnings, where the high earnings per share estimate is $1.08 and the low earnings per share estimate is $0.96. According to 18 analyst estimates, an average revenue estimate of $20.33B is projected for the current quarter with a high revenue estimate of $20.7B and a low estimate of $19.95B.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 0.05% within the last five trades and 4.17% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 37.84% in the last 6 months and 31.20% was added to its value over the previous 3 months. DIS stock is trading at a margin of -0.21%, 5.16% and 25.28% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, DIS deals in the Communication Services domain. The stock is trading -5.33 percent below its 52-week high and 48.80 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 29.58. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Walt Disney Co’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 11.05 percent and the profit margin is 3.37 percent, and the company has reported a gross margin of 28.32 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $214.89 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Walt Disney Co (NYSE:DIS) is 71.96. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 21.18. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.43 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.21, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.07 percent of Walt Disney Co shares are owned by insiders, and 66.86 percent are held by financial institutions. Coleman Sonia L, the Sr. EVP and Chief HR Officer at Walt Disney Co (DIS) has sold 1,857 shares of firm on Apr 01 ’24 at a price of $121.92 against the total amount of $0.23 million. In another inside trade, WOODFORD BRENT, EVP, Control, Fin Plan & Tax of Walt Disney Co (NYSE:DIS) sold 4,792 shares of the firm on Feb 15 ’24 for a total worth of $0.54 million at a price of $112.50. An inside trade which took place on Jan 02 ’24, Sr. EVP and Chief HR Officer of Walt Disney Co Coleman Sonia L sold 898 shares of firm against total price of $80919.0 at the cost of $90.11 per share.
