Time Warner (TWX) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Time Warner (NYSE:TWX) posted its quarterly earnings results on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.14, Stock Ratings News reports. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.87 billion.
Time Warner (NYSE:TWX) opened at 85.19 on Wednesday. Time Warner has a 52-week low of $57.5935 and a 52-week high of $88.13. The stock has a 50-day moving average of $76.55 and a 200-day moving average of $67.11. The company has a market cap of $75.146 billion and a price-to-earnings ratio of 18.84.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 1.49%.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Time Warner from $70.00 to $71.00 in a research note on Tuesday. They now have a “hold” rating on the stock. On the ratings front, analysts at Nomura reiterated a “buy” rating on shares of Time Warner in a research note on Monday, July 28th. They now have a $90.00 price target on the stock, up previously from $74.00. Finally, analysts at Wunderlich raised their price target on shares of Time Warner from $146.00 to $190.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.30.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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