UBS Maintains a 'Neutral' on Walt Disney (DIS); Adjusting PT & Estimates After Solid Quarter

May 9, 2012 12:04 PM EDT
Get Alerts DIS Hot Sheet
Price: $108.16 +0.18%

Rating Summary:
    21 Buy, 17 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade DIS Now!
Join SI Premium – FREE
UBS maintains a 'Neutral' on Walt Disney (NYSE: DIS) price target raised from $42 to $46.

Analyst, John Janedis, said, "Q2 revenue of $9.63B was slightly below our $9.66B (Street: $9.60B), while segment EBIT of $1.95B was slightly ahead of our $1.92B (Street: $1.82B). Total company margins were 40bps better than expected at 19.0% with a 70bs beat in Media and 30bps beat in Parks. We are lowering our F3Q EPS to $0.90 (from $0.92) but are raising F4Q to $0.66 (from $0.64), primarily due to a shift of ESPN deferral revenue from F3Q to F4Q. Our F12 EPS is now $2.93 vs. our prior $2.95."

For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.

Shares of Walt Disney closed at $44.30 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment