Time Warner Inc (NYSE:TWX) – Jefferies Group reduced their FY2017 earnings estimates for shares of Time Warner in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the media conglomerate will post earnings per share of $6.29 for the year, down from their previous forecast of $6.30. Jefferies Group currently has a “Hold” rating and a $105.00 target price on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2018 earnings at $1.74 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.94 EPS and Q4 2018 earnings at $1.55 EPS.

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

Several other analysts have also issued reports on TWX. Zacks Investment Research lowered shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $98.00 price objective (up from $84.00) on shares of Time Warner in a research note on Thursday, January 4th. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. Finally, B. Riley reissued a “hold” rating and issued a $101.00 price target on shares of Time Warner in a research note on Tuesday, November 21st. One 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $105.13.

Time Warner (NYSE:TWX) traded down $0.03 during midday trading on Friday, reaching $92.94. 535,538 shares of the company’s stock traded hands, compared to its average volume of 4,583,258. The company has a current ratio of 1.48, a quick ratio of 1.26 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 $72,390.00, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95.

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 dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, January 9th. Time Warner’s dividend payout ratio is 30.61%.

In other news, 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 transaction of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were 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. 0.16% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of TWX. Beach Investment Management LLC. purchased a new stake in Time Warner in the second quarter worth approximately $3,859,000. Quinn Opportunity Partners LLC boosted its holdings in Time Warner by 7.6% in the second quarter. Quinn Opportunity Partners LLC now owns 284,100 shares of the media conglomerate’s stock worth $28,526,000 after purchasing an additional 20,000 shares during the last quarter. Glassman Wealth Services boosted its holdings in Time Warner by 8.9% in the second quarter. Glassman Wealth Services now owns 3,126 shares of the media conglomerate’s stock worth $314,000 after purchasing an additional 256 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in Time Warner by 10.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 6,316 shares of the media conglomerate’s stock worth $634,000 after purchasing an additional 592 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in Time Warner in the second quarter worth approximately $2,129,000. Institutional investors own 77.82% of the company’s stock.

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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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