[at Bloomberg] - If you're wondering why a preschool science app is eating your iPhone battery, you probably have Toca Boca to thank. The Swedish studio was the second-ranking publisher of children's paid downloads for the iOS system on Apple Inc. (AAPL) 's App Store in June, according to App Annie, an application tracking service. With 30 employees, the upstart maker of Toca Labs and hair salon games was beat only by Walt Disney Co. (DIS) in revenue from that category for that month. The studio, owned by Sweden's closely held media company Bonnier AB, has kept preschool kids busy since releasing its first games, Helicopter Taxi and Toca Tea Party, in 2011.Read more on this.
The Walt Disney Company (DIS), currently valued at $149.28B, opened at $87.15. Shares have traded today between $86.16 and $87.30 per share with a trailing 52-week range being $60.41 to $87.63. DIS shares are currently priced at 20.75x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 111.58x earnings multiple for the same period. The company pays shareholders $0.86 per share annually in dividends, yielding 1.00%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.17 per share, which would be $0.14 better than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.20, which would be a $0.81 improvement when compared to the last year's annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.17 Billion. If realized, that would be a 5.09% increase over the year-ago quarter. Recently, Barclays Initiated DIS at Equal Weight (Jul 9, 2014). Previously, Topeka Capital Markets upgraded DIS from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $89.81, which is 3.05% above than it opened this morning. Summary (NYSE:DIS) : The Walt Disney Company operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. The Media Networks segment operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks include ESPN, Disney Channels Worldwide, ABC Family, and SOAPnet, as well as UTV/Bindass. This segment owns eight domestic television stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation club properties; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; water parks; and other recreational facilities. This segment also operates Disneyland Resort in California; Disney Resort& Spa in Hawaii; Disney Vacation Club, Disney Cruise Line, and Adventures by Disney; and Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, as well as licenses the operations of Tokyo Disneyland Resort. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings, and live stage plays. The Consumer Products segment licenses trade names, characters, and visual and literary properties to retailers, show promoters, and publishers; publishes entertainment and educational books, magazines, comic books; and operates English language learning centers. This segment is involved in the retail and online distribution of products through the Disney Store and DisneyStore.com. The Interactive segment creates and delivers entertainment and lifestyle content across interactive media platforms. The company was founded in 1923 and is based in Burbank, California. Tag Helper ~ Stock Code: DIS | Common Company name: Walt Disney | Full Company name: The Walt Disney Company (NYSE:DIS) .
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