Time Warner Inc. to Post FY2016 Earnings of $5.46 Per Share, Jefferies Group Forecasts (TWX)
Time Warner Inc. (NYSE:TWX) – Research analysts at Jefferies Group increased their FY2016 earnings estimates for shares of Time Warner in a report released on Monday. Jefferies Group analyst J. Janedis now forecasts that the brokerage will post earnings per share of $5.46 for the year, up from their prior estimate of $5.45. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2017 earnings at $1.46 EPS.
TWX has been the topic of a number of other reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Time Warner in a research report on Friday, June 17th. Loop Capital reiterated a “buy” rating and issued a $96.00 price objective on shares of Time Warner in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Time Warner in a research report on Wednesday, July 6th. Deutsche Bank AG lifted their price objective on Time Warner from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada lifted their price objective on Time Warner from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $86.11.
Shares of Time Warner (NYSE:TWX) traded down 0.82% on Tuesday, reaching $78.71. The company’s stock had a trading volume of 1,107,965 shares. Time Warner has a 52-week low of $55.53 and a 52-week high of $81.33. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 15.66 and a beta of 1.21. The stock has a 50-day moving average of $78.19 and a 200 day moving average of $76.08.
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Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The firm earned $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.4025 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.03%. Time Warner’s dividend payout ratio is currently 32.01%.
In other Time Warner news, insider Karen Magee sold 14,240 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the sale, the insider now directly owns 7,461 shares in the company, valued at $596,656.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul T. Cappuccio sold 56,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the sale, the executive vice president now owns 157,877 shares in the company, valued at $12,352,296.48. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. BB&T Securities LLC increased its stake in shares of Time Warner by 514.5% in the first quarter. BB&T Securities LLC now owns 478,589 shares of the media conglomerate’s stock worth $34,721,000 after buying an additional 400,711 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Time Warner during the first quarter worth about $595,000. NWQ Investment Management Company LLC increased its stake in shares of Time Warner by 19.3% in the first quarter. NWQ Investment Management Company LLC now owns 962,948 shares of the media conglomerate’s stock worth $69,862,000 after buying an additional 155,799 shares during the period. AMF Pensionsforsakring AB increased its stake in shares of Time Warner by 32.8% in the first quarter. AMF Pensionsforsakring AB now owns 1,291,207 shares of the media conglomerate’s stock worth $93,677,000 after buying an additional 318,570 shares during the period. Finally, Motley Fool Wealth Management LLC increased its stake in shares of Time Warner by 9.4% in the first quarter. Motley Fool Wealth Management LLC now owns 18,896 shares of the media conglomerate’s stock worth $1,371,000 after buying an additional 1,624 shares during the period. Institutional investors and hedge funds own 80.67% of the company’s stock.
Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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