Time Warner Inc Declares Dividend of $0.32 (TWX)
Time Warner (NYSE:TWX) announced a dividend on Thursday, May 8th, Stock Ratings Network reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.3175 per share on Friday, June 6th. The ex-dividend date is Wednesday, May 21st.
A number of analysts have recently weighed in on TWX shares. Analysts at Topeka Capital Markets raised their price target on shares of Time Warner from $67.00 to $68.00 in a research note on Wednesday. They now have a “hold” rating on the stock. On a related note, analysts at Wunderlich reiterated a “buy” rating on shares of Time Warner in a research note on Tuesday. They now have a $83.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner in a research note on Wednesday, May 7th. They now have a $71.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.00.
Time Warner (NYSE:TWX) opened at 68.95 on Thursday. Time Warner has a 52-week low of $55.71 and a 52-week high of $70.77. The stock’s 50-day moving average is $65.86 and its 200-day moving average is $66.2. The company has a market cap of $60.821 billion and a P/E ratio of 15.23.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.09. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Time Warner will post $4.01 EPS for the current fiscal year.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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