Disney’s largest segment is media networks, where revenue grew 5 percent to $5.8 billion and operating income rose 4 percent to $2.4 billion, with its cable operations’ 7 percent increase in operating income offsetting a 15 percent decline in broadcasting.
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The company’s overall net income climbed to $2.48-billion, or $1.45 per share, from $2.25-billion, or $1.28 per share.
Officials at The Walt Disney Co. on Tuesday, during a conference call with shareholders, said the excitement of the original theme park’s diamond celebration, mixed in with the debut of three new shows, led to the influx in attendance and spending.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The film could easily give the company its second $1 billion box office haul of the year after Avengers. Walt Disney has a 1-year low of $78.54 and a 1-year high of $122.08. Lindsell Train Ltd is another notably bullish institutional investor who is possessing 1.44 million shares of The Walt Disney Company or 12.32% of their equity exposure. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. When considering if perhaps the stock is under or overvalued, the average price target is $123.11 which is 1.3% above where the stock opened today.
Walt Disney (NYSE:DIS) had its price objective increased by Stifel Nicolaus from $120.00 to $130.00 in a research note issued to investors on Monday morning, MarketBeat Scores reviews.
Analysts on average had expected a profit of $1.42 per share on revenue of $13.23-billion, according to Thomson Reuters. A total of 1,791 shares of the company’s stock traded hands. Media Networks contain numerous broadcast, cable, radio, digital and publishing businesses across two divisions – the Disney/ABC Television Group and ESPN Inc. The company has a market capitalization of $206.48 billion and a price-to-earnings ratio of 26.18. Walt Disney Parks and Resorts (NYSE:DIS) is a provider of family travel and leisure experiences.
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Last week Iger made news telling CNBC that the popular sports network could one day be directly sold to consumers, and that Disney has even done research into what that product would potentially cost.
