Market Update (NYSE:DIS): Disney and ABC Raise Awareness of the Importance of Reading with Nonprofit First Book Through ‘Magic of Storytelling’ Campaign

[Business Wire] – Today, Disney announced that it will donate its 50 millionth book to First Book, a nonprofit that provides new books to educators and organizations serving children from low-income families. Read more on this. The Walt Disney Company (DIS) , with a current value of $166.81B, started trading this morning at $102.67. Looking at today’s market, DIS one day range is $99.89 to $102.67 and has traded between $90.00 and $122.08 over the past 12 months. Walt Disney (DIS) shares are currently priced at 18.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.47x earnings multiple for the same period. And for income investors, the company pays shareholders $1.42 per share annually in dividends, yielding 1.35%. According to a consensus of 31 analysts, the earnings estimate of $1.43 per share would be $0.16 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $5.66, which would be a $0.51 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.77 Billion. If realized, that would be a 10.31% increase over the year-ago quarter. In terms of ratings, Macquarie downgraded DIS from Outperform to Neutral (Jan 5, 2016). Previously, Guggenheim downgraded DIS from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $118.24, which is 15.17% above than it opened this morning. See more in (NYSE:DIS) Similar Articles: Market Update: The Walt Disney Company (NYSE:DIS) – Is Activision trying to become the next Disney? Market Update: The Walt Disney Company (NYSE:DIS) – Disney Publishing Worldwide Launches Inspirational New Multiplatform Property, ‘Star Darlings’ Market Update: The Walt Disney Company (NYSE:DIS) – Disney Store to Unveil All-New Product Collections At D23 EXPO 2015