Earnings Gains are Expected for The Walt Disney Company Ahead of Q4 Reports (DIS)

The Walt Disney Company (DIS) will release its fourth quarter reports on Thursday with expectations of gains in revenue.

The Burbank, California based company will release its fourth quarter and full fiscal year report on Thursday, November 8 after the markets close. The company is expected to report a Q4 EPS of 68 cents on revenue of $10.92 billion. In 2011, Disney reported a Q4 EPS of 59 cents on revenue of $10.43 billion.

The anticipated gains in earnings are due to a couple of factors; Disney has seen strong sales from the The Avengers DVD and ESPN continues to have good margins.

Morgan Stanley raised its price target for the company to the mid $60′s. JP Morgan has a $60 price target and Bank of America maintains its $58 target. Disney closed on Friday at $49.86.

Disney shares were up 49 cents, or +0.98%, in premarket trading on Monday.

The Bottom Line
Shares of Walt Disney (DIS) have a 1.20% dividend yield, based on Friday’s closing stock price of $49.86. The stock has technical support in the $45-$46 price area. The stock is trading near the all-time highs of $53 a share.

The Walt Disney Company (DIS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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