Time Warner Hits New 12-Month High at $71.55 (TWX)
Time Warner (NYSE:TWX)’s share price reached a new 52-week high during mid-day trading on Thursday , Analyst Ratings Network reports. The stock traded as high as $71.55 and last traded at $71.39, with a volume of 2,113,008 shares traded. The stock had previously closed at $70.51.
A number of research firms have recently commented on TWX. Analysts at Hudson Square Research initiated coverage on shares of Time Warner in a research note on Monday, May 19th. They set a “hold” rating on the stock. Separately, 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, May 14th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of Time Warner in a research note on Tuesday, May 13th. They now have a $83.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Time Warner presently has a consensus rating of “Buy” and an average target price of $73.33.
The stock’s 50-day moving average is $68.04 and its 200-day moving average is $66.39. The company has a market cap of $62.523 billion and a price-to-earnings ratio of 15.53. Time Warner also saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 12,875,743 shares, an increase of 25.9% from the April 30th total of 10,223,922 shares. Based on an average daily trading volume, of 5,319,589 shares, the short-interest ratio is currently 2.4 days. Currently, 1.5% of the company’s shares are sold short.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, April 30th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Time Warner will post $4.01 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.3175 per share. The ex-dividend date is Wednesday, May 21st.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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