$1.53 Earnings Per Share Expected for Time Warner Inc. (TWX) This Quarter
Brokerages predict that Time Warner Inc. (NYSE:TWX) will report earnings per share of $1.53 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Time Warner’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.33. Time Warner reported earnings per share of $1.83 in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.4%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Time Warner will report full-year earnings of $6.14 per share for the current financial year, with EPS estimates ranging from $5.92 to $6.40. For the next year, analysts forecast that the business will report earnings of $6.55 per share, with EPS estimates ranging from $6.31 to $7.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Time Warner.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS.
A number of research firms have issued reports on TWX. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Wednesday. Zacks Investment Research cut Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday. KeyCorp reissued a “hold” rating on shares of Time Warner in a research note on Tuesday. FBR & Co cut Time Warner from a “buy” rating to a “neutral” rating and boosted their target price for the company from $105.00 to $107.50 in a research note on Monday, October 16th. Finally, Cowen and Company reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.91.
Shares of Time Warner (NYSE TWX) traded down 0.36% during midday trading on Friday, reaching $101.83. The company had a trading volume of 5,503,223 shares. Time Warner has a 52-week low of $85.22 and a 52-week high of $103.90. The firm has a market cap of $79.20 billion, a P/E ratio of 18.89 and a beta of 1.02. The company’s 50-day moving average is $102.09 and its 200-day moving average is $100.49.
The firm 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 $0.4025 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 annualized dividend and a yield of 1.58%. Time Warner’s dividend payout ratio is 29.98%.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Time Warner by 2.3% in the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after purchasing an additional 1,116,818 shares during the last quarter. BlackRock Inc. grew its position in shares of Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares during the last quarter. State Street Corp grew its position in shares of Time Warner by 2.1% in the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after purchasing an additional 688,860 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Time Warner by 0.4% in the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after purchasing an additional 51,596 shares during the last quarter. Finally, FMR LLC grew its position in shares of Time Warner by 0.6% in the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock valued at $1,165,905,000 after purchasing an additional 68,625 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors.
Time Warner Company Profile
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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