Wall Street analysts expect that Time Warner Inc. (NYSE:TWX) will announce sales of $7.33 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Time Warner’s earnings, with the lowest sales estimate coming in at $7.07 billion and the highest estimate coming in at $7.71 billion. Time Warner reported sales of $6.95 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The company is expected to issue its next quarterly earnings results on Wednesday, August 2nd.

On average, analysts expect that Time Warner will report full year sales of $7.33 billion for the current fiscal year, with estimates ranging from $30.67 billion to $31.20 billion. For the next year, analysts anticipate that the company will post sales of $32.53 billion per share, with estimates ranging from $31.65 billion to $33.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Time Warner.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.22. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The company had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same period in the prior year, the company posted $1.49 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year.

A number of analysts have recently commented on the company. BMO Capital Markets reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Monday, April 17th. Royal Bank Of Canada set a $108.00 target price on Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. MKM Partners reiterated a “neutral” rating and set a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $105.00 target price on shares of Time Warner in a research report on Wednesday, May 3rd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $108.00 target price on shares of Time Warner in a research report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.50.

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In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the acquisition, the chief financial officer now owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TWX. Bellwether Investment Group LLC increased its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares during the last quarter. Archford Capital Strategies LLC purchased a new stake in Time Warner during the fourth quarter worth approximately $106,000. Patriot Financial Group Insurance Agency LLC increased its stake in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock worth $122,000 after buying an additional 33 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Time Warner during the fourth quarter worth approximately $126,000. Institutional investors and hedge funds own 80.99% of the company’s stock.

Time Warner (NYSE:TWX) opened at 99.70 on Friday. The firm has a market capitalization of $77.32 billion, a price-to-earnings ratio of 19.02 and a beta of 1.09. The company’s 50-day moving average price is $98.82 and its 200 day moving average price is $97.45. Time Warner has a 12 month low of $68.97 and a 12 month high of $100.60.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were issued a $0.4025 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.61 annualized dividend and a yield of 1.61%. Time Warner’s dividend payout ratio (DPR) is presently 30.78%.

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 premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

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