FBR & Co Equities Analysts Boost Earnings Estimates for Time Warner Inc. (TWX)
Time Warner Inc. (NYSE:TWX) – Analysts at FBR & Co upped their Q3 2017 earnings per share estimates for Time Warner in a report released on Tuesday. FBR & Co analyst B. Crockett now anticipates that the media conglomerate will post earnings of $1.65 per share for the quarter, up from their prior estimate of $1.63. FBR & Co has a “Buy” rating and a $107.50 price objective on the stock. FBR & Co also issued estimates for Time Warner’s Q4 2017 earnings at $1.45 EPS.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The company had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm posted $1.49 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis.
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TWX has been the subject of a number of other research reports. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Rosenblatt Securities initiated coverage on shares of Time Warner in a research report on Tuesday, April 4th. They set a “neutral” rating and a $105.00 target price for the company. Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and increased their target price for the stock from $100.00 to $107.50 in a research report on Thursday, April 20th. BMO Capital Markets reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Friday, May 19th. Finally, Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, July 13th. One research 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 given a strong buy rating to the company. Time Warner presently has a consensus rating of “Hold” and an average target price of $100.95.
Shares of Time Warner (TWX) opened at 99.81 on Wednesday. Time Warner has a one year low of $74.27 and a one year high of $102.45. The company has a market cap of $77.41 billion, a P/E ratio of 19.04 and a beta of 1.05. The company’s 50 day moving average is $99.75 and its 200 day moving average is $98.19.
Hedge funds have recently added to or reduced their stakes in the company. First Bank & Trust raised its stake in Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock worth $332,000 after buying an additional 9 shares during the last quarter. Stillwater Investment Management LLC raised its stake in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares during the last quarter. Park National Corp OH raised its stake in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares during the last quarter. Integrated Wealth Management raised its stake in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock worth $278,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 79.87% of the company’s stock.
In other Time Warner news, CFO Howard M. Averill bought 255 shares of Time Warner stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the purchase, the chief financial officer now directly owns 63,399 shares in the company, valued at approximately $6,318,978.33. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be paid a $0.4025 dividend. 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 payout ratio 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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