$8.46 Billion in Sales Expected for Time Warner Inc (TWX) This Quarter

Equities research analysts expect Time Warner Inc (NYSE:TWX) to post sales of $8.46 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Time Warner’s earnings, with estimates ranging from $8.25 billion to $8.72 billion. Time Warner reported sales of $7.89 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The business is expected to announce its next earnings results before the market opens on Thursday, February 1st.

On average, analysts expect that Time Warner will report full year sales of $8.46 billion for the current year, with estimates ranging from $30.86 billion to $31.29 billion. For the next year, analysts forecast that the business will post sales of $32.61 billion per share, with estimates ranging from $31.69 billion to $33.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Time Warner.

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

Several research firms have recently weighed in on TWX. Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Wells Fargo & Co reissued a “market perform” rating and issued a $98.00 target price (up from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. Guggenheim reissued a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Finally, B. Riley reissued a “hold” rating and issued a $101.00 target price on shares of Time Warner in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the stock. Time Warner currently has a consensus rating of “Hold” and an average target price of $105.13.

Time Warner (TWX) opened at $93.36 on Friday. The firm has a market cap of $72,690.00, a P/E ratio of 17.75, a PEG ratio of 1.40 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 1 year low of $85.88 and a 1 year high of $103.90.

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

In related news, insider Olaf Olafsson sold 23,450 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was 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 of the company’s stock, valued at $77,589,601.25. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Time Warner by 2.3% in the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after acquiring an additional 1,116,818 shares during the last quarter. BlackRock Inc. lifted its stake in Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after acquiring an additional 1,696,681 shares during the last quarter. Farallon Capital Management LLC lifted its stake in Time Warner by 37.3% in the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock valued at $700,862,000 after acquiring an additional 1,895,000 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in Time Warner by 2.8% in the third quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock valued at $693,140,000 after acquiring an additional 186,323 shares during the last quarter. Finally, Canyon Capital Advisors LLC lifted its stake in Time Warner by 3.7% in the second quarter. Canyon Capital Advisors LLC now owns 5,906,054 shares of the media conglomerate’s stock valued at $593,027,000 after acquiring an additional 210,206 shares during the last quarter. Institutional investors and hedge funds 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.

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

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