Time Warner Inc. (NYSE:TWX) – Equities researchers at KeyCorp issued their Q3 2018 EPS estimates for shares of Time Warner in a research note issued on Wednesday. KeyCorp analyst A. Hargreaves forecasts that the media conglomerate will post earnings per share of $1.71 for the quarter.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share.

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Other analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Monday, May 22nd. BidaskClub upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Thursday, July 13th. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Friday, July 14th. Finally, Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and lifted their price objective for the company from $100.00 to $107.50 in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $102.25.

Several large investors have recently added to or reduced their stakes in the company. Bellwether Investment Group LLC boosted its stake in 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 last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in 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 last quarter. Carroll Financial Associates Inc. boosted its stake in 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 last quarter. Advisory Services Network LLC acquired a new stake in Time Warner during the first quarter worth approximately $138,000. Finally, Archford Capital Strategies LLC boosted its stake in 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 last quarter. Institutional investors own 80.02% of the company’s stock.

In other Time Warner news, CFO Howard M. Averill bought 255 shares of the stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the purchase, 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 document filed with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s payout ratio is 29.98%.

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.

Earnings History and Estimates for Time Warner (NYSE:TWX)

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