Wall Street analysts expect that Time Warner Inc. (NYSE:TWX) will post sales of $7.40 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Time Warner’s earnings, with estimates ranging from $7.27 billion to $7.52 billion. Time Warner reported sales of $7.17 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is expected to report its next earnings results on Wednesday, November 1st.

On average, analysts expect that Time Warner will report full-year sales of $7.40 billion for the current year, with estimates ranging from $30.69 billion to $31.20 billion. For the next financial year, analysts anticipate that the business will report sales of $32.51 billion per share, with estimates ranging from $31.29 billion to $33.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Time Warner.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for 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 company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC cut shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Thursday, August 3rd. 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 Tuesday, August 15th. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Cowen and Company reiterated a “hold” rating and set a $107.50 price target on shares of Time Warner in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $102.25.

In other news, CFO Howard M. Averill acquired 255 shares of the stock in a transaction on Thursday, June 15th. The stock was 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TWX. Baxter Bros Inc. purchased a new position in shares of Time Warner during the first quarter valued at approximately $18,528,000. Waldron LP raised its position in shares of Time Warner by 137.7% in the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock valued at $508,000 after buying an additional 3,093 shares in the last quarter. Brightworth raised its position in shares of Time Warner by 89.4% in the first quarter. Brightworth now owns 7,824 shares of the media conglomerate’s stock valued at $764,000 after buying an additional 3,692 shares in the last quarter. First Manhattan Co. raised its position in shares of Time Warner by 1.4% in the first quarter. First Manhattan Co. now owns 1,073,400 shares of the media conglomerate’s stock valued at $85,453,000 after buying an additional 14,836 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of Time Warner by 5.8% in the first quarter. Sigma Planning Corp now owns 2,631 shares of the media conglomerate’s stock valued at $257,000 after buying an additional 145 shares in the last quarter. 78.76% of the stock is owned by institutional investors and hedge funds.

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Shares of Time Warner (NYSE TWX) opened at 101.42 on Monday. The firm’s 50-day moving average is $101.22 and its 200 day moving average is $99.25. The company has a market capitalization of $78.88 billion, a PE ratio of 18.82 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 company also recently disclosed 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. This represents a $1.61 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio is currently 29.98%.

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

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