Time Warner Inc (NYSE:TWX) – Analysts at Jefferies Group cut their Q4 2017 earnings per share estimates for shares of Time Warner in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the media conglomerate will post earnings per share of $1.48 for the quarter, down from their prior estimate of $1.49. Jefferies Group currently has a “Hold” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Time Warner’s FY2018 earnings at $6.71 EPS.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the previous year, the firm posted $1.83 EPS. Time Warner’s revenue was up 6.0% compared to the same quarter last year.

Several other research firms have also recently issued reports on TWX. Cowen reiterated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a report on Thursday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Wednesday, October 18th. Zacks Investment Research cut Time Warner from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, KeyCorp reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $105.13.

Shares of Time Warner (NYSE TWX) opened at $92.17 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Time Warner has a twelve month low of $85.88 and a twelve month high of $103.90. The stock has a market capitalization of $71,560.48, a PE ratio of 17.59, a P/E/G ratio of 1.39 and a beta of 0.96.

Hedge funds have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its position in shares of Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Time Warner during the 3rd quarter valued at approximately $102,000. Americafirst Capital Management LLC purchased a new stake in shares of Time Warner during the 3rd quarter valued at approximately $106,000. Zions Bancorporation raised its position in shares of Time Warner by 698.6% during the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 999 shares during the period. Finally, Harfst & Associates Inc. raised its position in shares of Time Warner by 31.6% during the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 288 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the transaction, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is 30.73%.

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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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