Disney

Walt Disney’s (DIS) top- and bottom-line trends indicate continued growth in adjusted earnings per share of more than 20% in fiscal year 2025 and beyond, Morgan Stanley said in a note Thursday. The investment bank said Disney’s stronger-than-expected fiscal Q1 results, outlook for lower-than-expected direct-to-consumer segment losses in fiscal Q2, and $3 billion share repurchase program suggest an upward revision to its adjusted EPS growth forecast of $4.60 for fiscal year 2024. “The earnings mix continues to shift towards higher multiple earnings led by Experiences and Streaming [segments],” Morgan Stanley said.”Continued outperformance in Parks and Streaming can help push shares towards our $135 bull case.” Morgan Stanley reiterated its overweight rating on the stock with a price target of $110. Disney shares climbed 12% in recent Thursday trading, topping Morgan Stanley’s price target.

Disney Says Declared 50% Increase To The January 2024 Dividend, Payable In July 2024; Announced Target Of $3B Common Share Repurchase In FY24, The First Repurchases Since FY18.

Walt Disney Co (NYSE:DIS) is reportedly working with the NFL on a deal that would give the NFL a minority position in ESPN. Needham analyst Laura Martin noted that this deal structure can add enormous value to both enterprises. However, only the final deal terms determine the distribution of value creation. The analyst has a Hold rating on Disney. Martin noted that DIS could no longer compete with Amazon.com Inc (NASDAQ:AMZN) or Apple Inc (NASDAQ:AAPL) for NFL or other sports rights based on cash alone because these are much larger companies than DIS that do not need to make money near-term from their streaming businesses. Giving the NFL (and other leagues) a minority equity position in ESPN allows the leagues to share in equity upside, in addition to cash payments, which saves cash for DIS in the near term and assures ESPN access to the best games the leagues have to offer. Aligned interests benefit DIS shareholders.

By Carleton English Walt Disney is caught in a contentious battle with multiple activist investors. Shareholders should come out ahead no matter who the winner is. Right now, there are no fewer than four activists taking aim at the House of Mouse. That should come as no surprise given that Disney stock has lost more than half its value since hitting a record high in March 2021. It’s not all contentious, though. Just this past week, Disney entered into an information-sharing agreement with one activist, ValueAct Capital, which is also pledging to support Disney’s board slate, while rival investment firm, Blackwells Capital, appears sympathetic to management but is pushing three of its own directors. Trian Fund Management is the most belligerent — it’s seeking two board seats, while lambasting Disney for “continued poor performance” — and has an ally in Ancora Holdings. That’s a lot of drama — even for

Rosenblatt analyst Barton Crockett maintains Walt Disney (NYSE:DIS) with a Buy and lowers the price target from $114 to $112.

Walt Disney Company (NYSE: DIS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 22.66% Rosenblatt $114 → $112 Maintains Buy 11/10/2023 10.61% Raymond James $93 → $101 Maintains Outperform 11/09/2023 25.94% Wells Fargo $110 → $115 Maintains Overweight 10/10/2023 31.42% JP Morgan $125 → $120 Maintains Overweight 10/06/2023 1.85% Seaport Global → $93 Initiates Coverage On → Buy 10/06/2023 12.8% Bernstein → $103 Initiates Coverage On → Outperform 09/20/2023 12.8% Rosenblatt $104 → $103 Maintains Buy 09/20/2023 — Needham Reiterates → Hold 09/20/2023 20.47% B of A Securities $135 → $110 Maintains Buy 09/19/2023 14.99% Truist Securities → $105 Reiterates Buy → Buy 09/18/2023 6.23% Raymond James → $97 Initiates Coverage On → Outperform 09/15/2023 13.9% Rosenblatt → $104 Reiterates Buy → Buy 09/12/2023 13.9% Rosenblatt → $104 Reiterates Buy → Buy 09/05/2023 20.47% Wells Fargo $146 → $110 Maintains Overweight

The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2023 BURBANK, Calif.—-November 08, 2023– The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and full year ended September 30, 2023. Financial Results for the Quarter and Full Year: — Revenues for the quarter and year grew 5% and 7% compared to the prior-year quarter and prior year, respectively. — Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.14 from $0.09 in the prior-year quarter and for the year, decreased to $1.29 from $1.75 in the prior year. — Excluding certain items(1), diluted EPS for the quarter increased to $0.82 from $0.30 in the prior-year quarter and for the year, increased to $3.76 from $3.53 in the prior year. Key Points: — Disney+ added nearly 7 million core subscribers in the fourth quarter. Key streaming content in the

Disney Q4 2023 Total Hulu Paid Subscribers 48.5M, Disney+ Core 112.6M.

Walt Disney Posts Q4 EPS of $0.82 on Revenue of $21.24 Billion, Vs CIQ Analyst Consensus of $0.71/Share on Revenue of $21.4 Billion.

Walt Disney (DIS) reported fiscal Q4 non-GAAP earnings Wednesday of $0.82 per diluted share, up from $0.30 a year earlier. Analysts polled by Capital IQ expected $0.71. Revenue for the quarter ended Sept. 30 was $21.24 billion, up from $20.15 billion a year earlier. Analysts surveyed by Capital IQ expected $21.41 billion. “We continue to aggressively manage our cost base, and have increased our annualized efficiency target to $7.5 billion, versus $5.5 billion previously,” the company said.

Disney CEO Said More Than 50% Of Q4 New U. S. Subscribers Chose An Ad Supported Disney+ Product – Conf Call

Disney is aiming to break even on its direct-to-consumer business in the next year, UBS analysts say in a research note. The company’s challenges in linear, exacerbated in the recently-completed quarter by the Charter blackout, are also expected to continue, but the analysts anticipate Disney management will look to emphasize efforts such as price hikes, ad-supported streaming and cost discipline related to Disney+, which will push the streaming service toward profitability. The company reports 4Q results early next month.