Market Update (NYSE:DIS): Statement from The Walt Disney Company

[Business Wire] – Thomas O. Staggs will leave his current position as Chief Operating Officer of The Walt Disney Company, effective May 6, 2016. He will remain employed by the Company in the role of special advisor to the Chief Executive Officer, Robert A. Read more on this. The Walt Disney Company (DIS) , valued at $161.00B, started trading this morning at $99.30. Looking at today’s market, DIS one day range is $98.58 to $99.44 with the price of the stock fluctuating between $86.25 to $122.08 over the last 52 weeks. DIS shares are currently priced at 16.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.94x earnings multiple. The company pays shareholders $1.42 per share in dividend income per year, for a current yield of 1.43%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $1.40 per share, which would be $0.17 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $5.83, which would be a $0.68 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.21 Billion. If realized, that would be a 6.02% increase over the year-ago quarter. In terms of ratings, Piper Jaffray upgraded DIS from Neutral to Overweight (Mar 3, 2016). Previously, Atlantic Equities downgraded DIS from Overweight to Neutral. The average price target for DIS shares by the analysts covering it is $108.93, which is 9.70% above where the stock opened. See more in (NYSE:DIS) Similar Articles: Market Update: The Walt Disney Company (NYSE:DIS) – The Walt Disney Company to Webcast Its Annual Meeting of Shareholders Market Update: The Walt Disney Company (NYSE:DIS) – Disney ‘Star Darlings’ Debuts First On-Air Special on Disney Channel Company Update: The Walt Disney Company (NYSE:DIS) – The Walt Disney Company Executives to Discuss Fiscal First Quarter 2016 Financial Results via Webcast