Time Inc. (TIME) to Release Earnings on Thursday
Time Inc. (NYSE:TIME) will post its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect Time to post earnings of $0.30 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 for the quarter, missing the Thomson Reuters’ 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 company had revenue of $694.00 million during the quarter, compared to analyst estimates of $698.66 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts expect Time to post $1.06 EPS for the current fiscal year and $1.23 EPS for the next fiscal year.
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Several research firms recently weighed in on TIME. BidaskClub cut Time from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine cut Time from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Time from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Morgan Stanley dropped their price target on Time from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.25.
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.
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