A number of research firms have changed their ratings and price targets for Time (NYSE: TIME):

  • 12/4/2017 – Time was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating.
  • 11/28/2017 – Time was downgraded by analysts at Gabelli from a “buy” rating to a “sell” rating. They now have a $20.00 price target on the stock.
  • 11/17/2017 – Time is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $7.00 price target on the stock.
  • 11/17/2017 – Time was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating.
  • 11/16/2017 – Time was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/14/2017 – Time was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/11/2017 – Time was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Time Inc. is a branded media company. It publishes magazines in the United States, the United Kingdom, and internationally. Time also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfilment services to other third-party clients, including other magazine publishers. The Company’s brands includes Time, People, Sports Illustrated, InStyle, Real Simple, Travel + Leisure, Food & Wine, and Wallpaper. Time Inc. is headquartered in New York. “
  • 10/23/2017 – Time had its price target lowered by analysts at Morgan Stanley from $14.00 to $13.00. They now have an “equal weight” rating on the stock.
  • 10/20/2017 – Time was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/11/2017 – Time was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Time Inc. is a branded media company. It publishes magazines in the United States, the United Kingdom, and internationally. Time also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfilment services to other third-party clients, including other magazine publishers. The Company’s brands includes Time, People, Sports Illustrated, InStyle, Real Simple, Travel + Leisure, Food & Wine, and Wallpaper. Time Inc. is headquartered in New York. “
  • 10/10/2017 – Time was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Time Inc. (NYSE:TIME) opened at $18.50 on Thursday. Time Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $20.40. The company has a market capitalization of $1,850.00, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 3.53 and a beta of 1.06. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88.

Time (NYSE:TIME) last announced its earnings results on Thursday, November 9th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Time had a positive return on equity of 7.53% and a negative net margin of 0.10%. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $693.65 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. equities research analysts expect that Time Inc. will post 1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. Time’s payout ratio is currently -800.00%.

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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