Time Warner Inc. (NYSE:TWX) Set to Announce Earnings on Tuesday
Time Warner Inc. (NYSE:TWX) is scheduled to release its earnings data before the market opens on Tuesday, August 1st. Analysts expect Time Warner to post earnings of $1.18 per share for the quarter.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.22. The business had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.66 billion. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 earnings per share. On average, analysts expect Time Warner to post $6.04 EPS for the current fiscal year and $6.57 EPS for the next fiscal year.
Shares of Time Warner Inc. (NYSE:TWX) opened at 100.11 on Tuesday. The stock has a 50 day moving average price of $99.75 and a 200 day moving average price of $98.19. The firm has a market cap of $77.64 billion, a price-to-earnings ratio of 19.10 and a beta of 1.05. Time Warner Inc. has a one year low of $74.27 and a one year high of $102.45.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a dividend of $0.4025 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.61%. Time Warner’s dividend payout ratio is 30.78%.
In related news, CFO Howard M. Averill bought 255 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the transaction, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.
TWX has been the subject of several research reports. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 target price on shares of Time Warner in a research note on Monday, May 22nd. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Thursday, July 13th. Finally, Pivotal Research cut Time Warner from a “buy” rating to a “hold” rating and lifted their target price for the company from $100.00 to $107.50 in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $100.95.
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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