Walt Disney Co (NYSE:DIS) reported record quarterly earnings of $2.5 billion for its third fiscal quarter ended June 27, 2015 compared to $2.2 billion for the prior-year quarter. Diluted earnings per share (EPS) for the third quarter increased 13% to $1.45 from $1.28 in the prior-year quarter. EPS for the nine months ended June 27, 2015 increased 16% to $3.95 from $3.40 in the prior-year period. Excluding certain items affecting comparability(1), EPS for the nine months increased 15%.
“We’re very pleased with our performance in the third quarter, with record net income and diluted earnings per share of $1.45, up 13% from the prior year,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “The strong results across our many diverse lines of business demonstrate the power of our unparalleled brands, franchises and creative content.” (Original Source)
Following the earnings release, shares of Walt Disney are down 1.91% to $118.81 in after-hours trading. DIS has a 1-year high of $122.08 and a 1-year low of $78.54. The stock’s 50-day moving average is $116.14 and its 200-day moving average is $107.89.
On the ratings front, Walt Disney has been the subject of a number of recent research reports. In a report released yesterday, Stifel Nicolaus analyst Benjamin Mogil maintained a Buy rating on DIS, with a price target of $130, which implies an upside of 7.0% from current levels. Separately, on the same day, RBC’s David Bank reiterated a Buy rating on the stock and has a price target of $130.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Benjamin Mogil and David Bank have a total average return of 3.7% and 14.1% respectively. Mogil has a success rate of 50.8% and is ranked #1373 out of 3724 analysts, while Bank has a success rate of 75.5% and is ranked #372.
Overall, one research analyst has assigned a Hold rating and 11 research analysts have given a Buy rating to the 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.