Q3 2017 EPS Estimates for Time Warner Inc. Raised by Analyst (TWX)
Time Warner Inc. (NYSE:TWX) – Equities researchers at Jefferies Group lifted their Q3 2017 earnings per share (EPS) estimates for Time Warner in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the media conglomerate will earn $1.57 per share for the quarter, up from their prior estimate of $1.53. Jefferies Group has a “Hold” rating and a $105.00 price target on the stock. Jefferies Group also issued estimates for Time Warner’s Q4 2017 earnings at $1.55 EPS, Q3 2018 earnings at $1.71 EPS and Q4 2018 earnings at $1.69 EPS.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS.
TWX has been the subject of a number of other research reports. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have given a buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and an average target price of $102.91.
Shares of Time Warner (TWX) opened at 103.38 on Thursday. Time Warner has a 12 month low of $78.32 and a 12 month high of $103.90. The company has a 50 day moving average of $102.07 and a 200 day moving average of $100.31. The stock has a market cap of $80.41 billion, a P/E ratio of 19.18 and a beta of 1.02.
A number of large investors have recently modified their holdings of TWX. BlackRock Inc. lifted its stake in Time Warner by 2,169.2% during the 1st quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after acquiring an additional 40,940,053 shares in the last quarter. Canyon Capital Advisors LLC increased its position in shares of Time Warner by 397.0% during the 1st quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after purchasing an additional 4,549,848 shares during the last quarter. OZ Management LP increased its position in shares of Time Warner by 98.2% during the 1st quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock valued at $610,049,000 after purchasing an additional 3,093,353 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Time Warner by 4,979.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock valued at $261,700,000 after purchasing an additional 2,625,600 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Time Warner by 2,022.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock valued at $218,073,000 after purchasing an additional 2,069,495 shares during the last quarter. Institutional investors and hedge funds own 79.19% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 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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