Time (TIME) Set to Announce Earnings on Tuesday
Time (NASDAQ:TIME) is set to release its Q214 earnings data on Tuesday, August 5th. Analysts expect Time to post earnings of $0.19 per share and revenue of $821.33 million for the quarter.
Time (NASDAQ:TIME) traded up 1.17% during mid-day trading on Monday, hitting $24.31. 928,019 shares of the company’s stock traded hands. Time has a 52 week low of $18.51 and a 52 week high of $25.83. The stock has a 50-day moving average of $24.36 and a 200-day moving average of $23.69.
A number of research firms have recently commented on TIME. Analysts at Evercore Partners initiated coverage on shares of Time in a research note on Thursday, July 10th. They set an “overweight” rating and a $28.00 price target on the stock. On the ratings front, analysts at FBR Capital Markets initiated coverage on shares of Time in a research note on Wednesday, June 25th. They set a “market perform” rating and a $22.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of Time in a research note on Friday, June 13th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.64.
Time Inc, is a magazine publisher in the United States. As of March 31, 2014, the Company publishes 23 magazines in print in the United States, including People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly and Fortune and over 70 magazines outside the United States, primarily through IPC Magazines Group Limited (NASDAQ:TIME) in the United Kingdom and Grupo Editorial Expansion (GEX) in Mexico.
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