UBS Maintains a 'Neutral' on Walt Disney (DIS); Adjusting PT & Estimates After Solid Quarter
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Price: $65.83 -0.44%
Rating Summary:
14 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
14 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
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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, with a 52 week range of $28.19-$44.50.
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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, with a 52 week range of $28.19-$44.50.
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