Brokerages forecast that Time Warner Inc. (NYSE:TWX) will announce sales of $7.40 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Time Warner’s earnings. The highest sales estimate is $7.52 billion and the lowest is $7.27 billion. Time Warner posted sales of $7.17 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The firm is expected to report its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Time Warner will report full year sales of $7.40 billion for the current financial year, with estimates ranging from $30.78 billion to $31.20 billion. For the next financial year, analysts anticipate that the company will report sales of $32.55 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 research analysts that that provide coverage for Time Warner.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue was up 5.4% on a year-over-year basis.

TWX has been the topic of a number of analyst reports. BidaskClub downgraded Time Warner from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $105.00 target price on shares of Time Warner in a research report on Monday, May 22nd. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, twenty-six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Time Warner has an average rating of “Hold” and a consensus target price of $102.25.

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Shares of Time Warner (TWX) traded up 0.85% on Friday, hitting $101.87. The stock had a trading volume of 5,681,684 shares. The stock has a market cap of $79.23 billion, a P/E ratio of 18.90 and a beta of 1.04. Time Warner has a 12 month low of $74.68 and a 12 month high of $103.34. The firm has a 50 day moving average of $101.66 and a 200 day moving average of $99.70.

Several hedge funds have recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new stake in shares of Time Warner in the second quarter valued at about $722,000. USA Financial Portformulas Corp boosted its holdings in Time Warner by 3.3% in the second quarter. USA Financial Portformulas Corp now owns 40,868 shares of the media conglomerate’s stock valued at $4,104,000 after purchasing an additional 1,316 shares during the last quarter. Phocas Financial Corp. purchased a new position in Time Warner in the second quarter valued at about $172,000. Sentry Investment Management LLC boosted its holdings in Time Warner by 1.5% in the second quarter. Sentry Investment Management LLC now owns 62,069 shares of the media conglomerate’s stock valued at $6,232,000 after purchasing an additional 892 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Time Warner by 17.7% in the second quarter. Toronto Dominion Bank now owns 1,316,195 shares of the media conglomerate’s stock valued at $132,134,000 after purchasing an additional 198,036 shares during the last quarter. Institutional investors and hedge funds own 79.29% 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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Earnings History and Estimates for Time Warner (NYSE:TWX)

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