Q1 2018 EPS Estimates for Time Warner Inc. Raised by Jefferies Group (TWX)
Time Warner Inc. (NYSE:TWX) – Research analysts at Jefferies Group lifted their Q1 2018 EPS estimates for shares of Time Warner in a report released on Thursday. Jefferies Group analyst J. Janedis now anticipates that the media conglomerate will post earnings of $1.73 per share for the quarter, up from their previous forecast of $1.72. Jefferies Group currently has a “Hold” rating on the stock.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share.
Several other research analysts also recently weighed in on TWX. Cowen and Company reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research report on Thursday. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC downgraded shares of Time Warner from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Friday. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Thursday, July 13th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $102.25.
Time Warner (TWX) opened at 102.52 on Monday. The company’s 50 day moving average is $100.19 and its 200 day moving average is $98.55. The stock has a market cap of $79.66 billion, a P/E ratio of 19.01 and a beta of 1.05. Time Warner has a 52 week low of $74.27 and a 52 week high of $103.34.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is currently 29.98%.
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 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 of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TWX. Bellwether Investment Group LLC raised its position in shares of 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 period. Patriot Financial Group Insurance Agency LLC raised its position in shares of 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 period. Carroll Financial Associates Inc. raised its position in shares of 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 period. Advisory Services Network LLC bought a new position in shares of Time Warner during the first quarter worth about $138,000. Finally, Archford Capital Strategies LLC raised its position in shares of Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after buying an additional 481 shares during the period. 80.02% of the stock is currently owned by institutional investors and hedge funds.
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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