Time Warner Receives Average Rating of “Buy” from Analysts (NYSE:TWX)
Shares of Time Warner (NYSE:TWX) have earned a consensus rating of “Buy” from the twenty-six ratings firms that are covering the company, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $84.38.
Shares of Time Warner (NYSE:TWX) traded up 1.11% during mid-day trading on Wednesday, hitting $78.1804. The stock had a trading volume of 417,184 shares. Time Warner has a 52 week low of $58.2167 and a 52 week high of $88.13. The stock’s 50-day moving average is $79.62 and its 200-day moving average is $69.16. The company has a market cap of $66.831 billion and a P/E ratio of 16.44.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, August 6th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.14. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.87 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 2.7% 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 quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Sunday, August 31st will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 27th.
TWX has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets reiterated a “sell” rating on shares of Time Warner in a research note on Monday, August 18th. Separately, analysts at Wunderlich raised their price target on shares of Time Warner from $83.00 to $93.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner in a research note on Wednesday, August 13th. They now have a $77.00 price target on the stock.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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