Just a quick update from yesterday’s Walt Disney Company earnings – Company stock is currently trading up 37 cents to $41.35 on a day when the Dow is down. According to Standard & Poor’s:
After strong Dec-Q on improving park trends, DIS on call eased concerns with ESPN and ABC ads, vs. tough political comps. With 2 new cruise ships, and more employee cost savings, we see enhanced parks margins through FY13 (Sep). With Disney Channel and ABC Family solid, Marvel poised to lift consumer licensing, and interactive unit aiming for FY13 profit, studio should be a swing factor. We raise our FY12 and FY13 EPS estimates $0.16 and $0.17, to $3.09 and $3.54, and our target price by $3 to $48, on a blend of sum-of-the-parts and relative P/E-to-growth, note 1.5% yield.