Time Warner Inc. (TWX) Expected to Announce Earnings of $1.59 Per Share
Equities research analysts expect Time Warner Inc. (NYSE:TWX) to announce earnings per share of $1.59 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Time Warner’s earnings, with the lowest EPS estimate coming in at $1.45 and the highest estimate coming in at $1.73. Time Warner posted earnings of $1.83 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Time Warner will report full-year earnings of $6.10 per share for the current financial year, with EPS estimates ranging from $5.92 to $6.40. For the next year, analysts anticipate that the company will report earnings of $6.58 per share, with EPS estimates ranging from $6.31 to $7.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Time Warner.
Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period last year, the company earned $1.29 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year.
A number of research analysts have commented on TWX shares. Jefferies Group LLC reiterated a “buy” rating and set a $105.00 price target on shares of Time Warner in a research report on Monday, May 22nd. BidaskClub upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research report 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 target on the stock in a research report on Thursday, July 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. Finally, Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and raised their target price for the stock from $100.00 to $107.50 in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $102.25.
Time Warner (TWX) opened at 102.43 on Tuesday. The firm has a market cap of $79.59 billion, a P/E ratio of 18.99 and a beta of 1.05. Time Warner has a 12 month low of $74.27 and a 12 month high of $103.34. The stock has a 50 day moving average of $100.19 and a 200-day moving average of $98.55.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio is presently 29.98%.
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In other Time Warner news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average cost of $99.67 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in TWX. 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 last quarter. Gulf International Bank UK Ltd increased its stake in Time Warner by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 242,577 shares of the media conglomerate’s stock valued at $23,702,000 after buying an additional 2,950 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in Time Warner by 92.1% in the first quarter. Koshinski Asset Management Inc. now owns 21,175 shares of the media conglomerate’s stock valued at $2,069,000 after buying an additional 10,152 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Time Warner by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 5,333 shares of the media conglomerate’s stock valued at $509,000 after buying an additional 154 shares during the last quarter. Finally, National Pension Service increased its stake in Time Warner by 2.1% in the first quarter. National Pension Service now owns 571,120 shares of the media conglomerate’s stock valued at $55,993,000 after buying an additional 11,935 shares during the last quarter. Institutional investors own 80.02% of the company’s stock.
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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