Time Inc. (NYSE:TIME) is set to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Time to post earnings of $0.31 per share for the quarter.

Time (NYSE:TIME) last posted its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Time had a positive return on equity of 7.06% and a negative net margin of 4.34%. The firm had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $698.66 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s revenue was down 9.8% compared to the same quarter last year. On average, analysts expect Time to post $1.07 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.

Shares of Time Inc. (NYSE TIME) opened at 12.00 on Wednesday. The stock’s 50 day moving average is $12.88 and its 200 day moving average is $13.82. Time Inc. has a 1-year low of $11.65 and a 1-year high of $20.40. The stock’s market capitalization is $1.19 billion.

Several brokerages have issued reports on TIME. BidaskClub upgraded Time from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine lowered Time from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley dropped their target price on Time from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Zacks Investment Research lowered Time from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Time presently has a consensus rating of “Hold” and an average target price of $14.25.

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Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

Earnings History for Time (NYSE:TIME)

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