Disney Expected To Have a Profitable Third Quarter Despite Solo and Uncertainty Around Fox Merger

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site

profitable third quarter for the Walt Disney Company

According to a recent report in DEADLINE, Wall Street analyst Steven Cahall is predicting a profitable third quarter for the Walt Disney Company despite the poor performance of Solo and the uncertainty that remains among media analysts regarding the merger between Disney and Fox.

Despite these shortcomings, Cahill still rates The Walt Disney Company as a solid pick for investors in the media sector with a 12-month price target of $135 a share which is up over its current level of $104.

However, the future remains uncertain as Disney will no longer be buying back $20 billion of its stock as soon as expected due to the bidding war with Comcast over the acquisition of 21st Century Fox.  This ongoing battle is occurring even after Fox already accepted Disney’s $52.4 million offer last December. The ball for a merger currently sits with Comcast who could be competing with Disney in a bidding war of up to $40 per share ($80 billion dollar range.)


Readers are encouraged to watch this space for a closer look at The Walt Disney Company’s quarterly projections as well as updates on the Fox merger.

Thinking about a visit to Disney? Click here for your FREE no obligation quote or fill out the form at the bottom of this page!

Find articles like this helpful? Then why not consider booking with an Authorized Disney Vacation Planner? As an agent with MickeyTravels, I’ll be on hand to help you with everything from finding your perfect package to sharing tips and tricks to help you get the most out of your time at the parks.  Best of all, my services are absolutely FREE. Get in touch at 1.800.801.4025, via email at mroden@mickeytravels.com or follow along on Facebook

Images copyright Disney.

 


D2T-1

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Name(Required)
MM slash DD slash YYYY
This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!


Written by:

This account is for Past Writers and Friends who love Disney and want to share that love with you.
View All Posts
Follow Me :