$7.33 Billion in Sales Expected for Time Warner Inc (TWX) This Quarter
Analysts predict that Time Warner Inc (NYSE:TWX) will announce sales of $7.33 billion for the current quarter, according to Zacks. Six analysts have made estimates for Time Warner’s earnings, with the highest sales estimate coming in at $7.71 billion and the lowest estimate coming in at $7.07 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 firm is scheduled to report its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Time Warner will report full year sales of $7.33 billion for the current year, with estimates ranging from $30.69 billion to $31.20 billion. For the next year, analysts forecast that the business will report sales of $32.48 billion per share, with estimates ranging from $31.65 billion to $33.70 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Time Warner.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.22. The business had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.66 billion. Time Warner had a net margin of 18.40% and a return on equity of 22.89%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 earnings per share.
TWX has been the topic of several recent analyst reports. Rosenblatt Securities initiated coverage on shares of Time Warner in a report on Tuesday, April 4th. They issued a “neutral” rating and a $105.00 target price on the stock. FBR & Co reiterated a “buy” rating and issued a $107.50 target price on shares of Time Warner in a report on Friday, April 7th. BMO Capital Markets reiterated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Monday, April 17th. Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and boosted their target price for the company from $100.00 to $107.50 in a report on Thursday, April 20th. Finally, MKM Partners reiterated a “neutral” rating and issued a $107.50 target price (up from $90.00) on shares of Time Warner in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $100.95.
In related news, CFO Howard M. Averill bought 255 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average cost of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. increased its position in Time Warner by 1.4% in the first quarter. Raymond James Trust N.A. now owns 19,622 shares of the media conglomerate’s stock worth $1,917,000 after buying an additional 269 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in Time Warner during the first quarter worth approximately $244,000. Chevy Chase Trust Holdings Inc. increased its position in Time Warner by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 705,679 shares of the media conglomerate’s stock worth $68,951,000 after buying an additional 18,540 shares during the period. Park National Corp OH increased its position in Time Warner by 18.4% in the first quarter. Park National Corp OH now owns 2,453 shares of the media conglomerate’s stock worth $240,000 after buying an additional 381 shares during the period. Finally, Macquarie Group Ltd. increased its position in Time Warner by 38.5% in the fourth quarter. Macquarie Group Ltd. now owns 194,948 shares of the media conglomerate’s stock worth $18,818,000 after buying an additional 54,179 shares during the period. 79.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Time Warner (TWX) traded up 0.05% during mid-day trading on Friday, reaching $99.47. 2,266,135 shares of the company’s stock traded hands. The company’s 50-day moving average price is $99.73 and its 200-day moving average price is $98.12. Time Warner has a 12-month low of $74.27 and a 12-month high of $102.45. The stock has a market capitalization of $77.14 billion, a PE ratio of 18.98 and a beta of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is 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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