Time Warner Inc. (NYSE:TWX) Forecasted to Earn Q2 2017 Earnings of $1.20 Per Share
Time Warner Inc. (NYSE:TWX) – Analysts at FBR & Co raised their Q2 2017 earnings per share estimates for shares of Time Warner in a report issued on Tuesday. FBR & Co analyst B. Crockett now expects that the media conglomerate will post earnings of $1.20 per share for the quarter, up from their prior forecast of $1.18. FBR & Co has a “Buy” rating and a $107.50 price objective on the stock. FBR & Co also issued estimates for Time Warner’s FY2018 earnings at $6.40 EPS, FY2019 earnings at $7.04 EPS and FY2020 earnings at $7.72 EPS.
A number of other equities analysts have also commented on TWX. 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 price target on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Monday, April 17th. Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and raised their price target for the stock from $100.00 to $107.50 in a research report on Thursday, April 20th. MKM Partners reaffirmed a “neutral” rating and set a $107.50 price target (up from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price target on shares of Time Warner in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, twelve have given 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 a consensus price target of $100.95.
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Time Warner (NYSE TWX) opened at 101.65 on Thursday. The firm has a market cap of $78.83 billion, a price-to-earnings ratio of 19.39 and a beta of 1.05. Time Warner has a 1-year low of $74.27 and a 1-year high of $102.45. The company’s 50 day moving average is $99.81 and its 200-day moving average is $98.25.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.22. The company had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share.
Several institutional investors have recently modified their holdings of TWX. Raymond James Trust N.A. increased its stake 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 valued at $1,917,000 after buying an additional 269 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in Time Warner during the first quarter valued at approximately $244,000. Chevy Chase Trust Holdings Inc. increased its stake 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 valued at $68,951,000 after buying an additional 18,540 shares during the period. Park National Corp OH increased its stake 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 valued at $240,000 after buying an additional 381 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Time Warner by 38.5% in the fourth quarter. Macquarie Group Ltd. now owns 194,948 shares of the media conglomerate’s stock valued at $18,818,000 after buying an additional 54,179 shares during the period. 79.87% of the stock is currently owned by institutional investors.
In related news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, with a total value of $25,415.85. Following the acquisition, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by insiders.
The business 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 $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is currently 30.78%.
About Time Warner
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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