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Disney (DIS) Earnings For Thursday Preview

The Walt Disney Company  (DIS) 

Background:The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company?s Media Networks segment includes broadcast television network, television production and distribution, television stations, broadcast radio networks, radio stations, and publishing and digital operations. Disney trades an average of 8.2 million shares per day with a marketcap of $89 billion

Investors are looking forward to improving fourth-quarter earnings after the market closes on November 8, 2012 The consensus opinion is presently 68 cents a share, a progression of 9 cents (13.2%) from 59 cents during the corresponding period last year. Estimates from analysts range from a low of 61 cents per share, up to the highest estimate of 71 cents per share.

The company currently pays 60 cents per share in dividends for a yield of 1.2%.

Analysts as a whole like this company. Currently, Disney has 17 buy recommendations out of 30 analysts covering the company, along with 13 holds, and there are no analysts rating it as a sell. Analysts overall have called this one correctly. In the last 12 months, the shares have accelerated higher. The one year return is 38%. The average analyst current target price for Disney is $54.75.

Currently, the short interest based on the float is inconsequential and not a big concern. Short interest is 2.4%.

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Stock Tickers: DIS Author Disclosure: NA
The Walt Disney Company