Analysts Anticipate Time Warner Inc (TWX) Will Post Earnings of $1.45 Per Share

Equities research analysts expect that Time Warner Inc (NYSE:TWX) will announce $1.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Time Warner’s earnings, with estimates ranging from $1.37 to $1.49. Time Warner reported earnings per share of $1.25 during the same quarter last year, which suggests a positive year over year growth rate of 16%. The company is scheduled to report its next earnings results before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that Time Warner will report full year earnings of $6.20 per share for the current year, with EPS estimates ranging from $5.92 to $6.30. For the next year, analysts expect that the firm will post earnings of $6.48 per share, with EPS estimates ranging from $6.12 to $6.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Time Warner.

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

TWX has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $102.00 price target on shares of Time Warner in a research report on Friday, October 27th. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. B. Riley reiterated a “hold” rating and set a $101.00 price target on shares of Time Warner in a research report on Tuesday, November 21st. KeyCorp reiterated a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 price target (up previously from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. Time Warner has an average rating of “Hold” and an average price target of $105.13.

In related news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the 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 completion of the sale, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC increased its holdings in shares of Time Warner by 98.0% in the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after purchasing an additional 400 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Time Warner in the third quarter valued at approximately $102,000. Americafirst Capital Management LLC acquired a new stake in shares of Time Warner in the third quarter valued at approximately $106,000. Finally, Zions Bancorporation increased its holdings in shares of Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Time Warner (NYSE TWX) traded up $0.39 during mid-day trading on Friday, reaching $93.36. The company’s stock had a trading volume of 5,456,236 shares, compared to its average volume of 4,650,408. The stock has a market capitalization of $72,690.00, a P/E ratio of 17.75, a P/E/G ratio of 1.39 and a beta of 0.95. 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 52 week low of $85.88 and a 52 week high of $103.90.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.4025 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.72%. Time Warner’s payout ratio is currently 30.61%.

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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.

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

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