Time Warner Inc. (TWX) to Release Earnings on Tuesday
Time Warner Inc. (NYSE:TWX) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Time Warner to post earnings of $1.66 per share for the quarter.
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. On average, analysts expect Time Warner to post $6.14 EPS for the current fiscal year and $6.55 EPS for the next fiscal year.
Time Warner Inc. (TWX) opened at 101.33 on Tuesday. The stock has a market cap of $78.81 billion, a price-to-earnings ratio of 18.80 and a beta of 1.02. Time Warner Inc. has a 12 month low of $83.31 and a 12 month high of $103.90. The stock’s 50 day moving average price is $102.08 and its 200-day moving average price is $100.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio is presently 29.98%.
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TWX has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Thursday, July 13th. BidaskClub lowered Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $105.00 price objective (up previously from $102.42) on shares of Time Warner in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $103.63.
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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