Q3 2017 EPS Estimates for Time Warner Inc. (TWX) Reduced by Analyst
Time Warner Inc. (NYSE:TWX) – Equities research analysts at Barrington Research reduced their Q3 2017 earnings per share estimates for Time Warner in a research report issued on Tuesday. Barrington Research analyst J. Goss now expects that the media conglomerate will post earnings per share of $1.62 for the quarter, down from their prior estimate of $1.73. Barrington Research also issued estimates for Time Warner’s Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $6.10 EPS, Q1 2018 earnings at $1.79 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.81 EPS, Q4 2018 earnings at $1.61 EPS and FY2019 earnings at $7.10 EPS.
Several other equities analysts also recently issued reports on TWX. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and boosted their price target for the company from $100.00 to $107.50 in a report on Thursday, April 20th. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 price objective (up previously from $90.00) on shares of Time Warner in a report on Monday, May 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Time Warner in a report on Wednesday, May 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Friday, May 19th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Time Warner in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $102.25.
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Shares of Time Warner (TWX) opened at 101.70 on Wednesday. The stock has a 50 day moving average of $100.99 and a 200 day moving average of $98.98. Time Warner has a 1-year low of $74.27 and a 1-year high of $103.34. The firm has a market cap of $79.10 billion, a PE ratio of 18.87 and a beta of 1.05.
Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the business earned $1.29 EPS. The business’s revenue was up 5.4% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.58%. Time Warner’s payout ratio is currently 29.98%.
In related news, CFO Howard M. Averill bought 255 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was purchased 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 directly owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of TWX. Jacobi Capital Management LLC raised its position in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares during the last quarter. 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 last quarter. 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 last quarter. Harfst & Associates Inc. raised its position in shares of Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after buying an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Time Warner during the second quarter worth approximately $127,000. 78.76% of the stock is owned by institutional investors.
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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