Time Warner Inc. (NYSE:TWX) – Stock analysts at KeyCorp raised their Q3 2018 earnings per share estimates for Time Warner in a report issued on Sunday. KeyCorp analyst A. Hargreaves now expects that the media conglomerate will post earnings of $1.86 per share for the quarter, up from their prior estimate of $1.85. KeyCorp has a “Hold” rating on the stock.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 EPS.

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A number of other analysts have also issued reports on TWX. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reissued 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. Cowen and Company reissued a “hold” rating and set a $107.50 price objective on shares of Time Warner in a report on Thursday, August 3rd. Barclays PLC lowered Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $95.00 to $107.00 in a report on Friday, August 4th. Finally, Evercore ISI lowered Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a report on Monday, August 7th. Twenty-two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $103.93.

Time Warner (TWX) traded down $2.11 on Tuesday, reaching $88.49. The company’s stock had a trading volume of 12,820,500 shares, compared to its average volume of 4,523,078. The firm has a market cap of $68,900.00, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner has a 12-month low of $86.38 and a 12-month high of $103.90.

Institutional investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC grew its stake in shares of Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the period. Bellwether Investment Group LLC grew its stake in shares of Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares during the period. Harfst & Associates Inc. grew its stake in shares of Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after purchasing an additional 288 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Time Warner during the second quarter worth $127,000. 78.46% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a dividend of $0.4025 per share. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.82%. Time Warner’s dividend payout ratio (DPR) is presently 30.61%.

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.

Earnings History and Estimates for Time Warner (NYSE:TWX)

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