Time Warner Inc (NYSE:TWX) – Stock analysts at B. Riley raised their FY2018 earnings per share estimates for Time Warner in a report released on Tuesday. B. Riley analyst B. Crockett now forecasts that the media conglomerate will earn $8.28 per share for the year, up from their previous estimate of $6.44. B. Riley currently has a “Hold” rating and a $101.00 target price on the stock. B. Riley also issued estimates for Time Warner’s Q4 2018 earnings at $2.66 EPS, FY2019 earnings at $8.45 EPS and FY2020 earnings at $9.30 EPS.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the business posted $1.25 earnings per share. Time Warner’s revenue for the quarter was up 9.1% compared to the same quarter last year.
Shares of Time Warner (NYSE TWX) traded down $0.87 during trading on Thursday, hitting $94.16. 1,310,000 shares of the company were exchanged, compared to its average volume of 4,890,000. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $73,310.00, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.28 and a beta of 0.94. Time Warner has a fifty-two week low of $85.88 and a fifty-two week high of $103.90.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. grew its position in shares of Time Warner by 3.2% in the 3rd quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after buying an additional 1,513 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in Time Warner in the third quarter worth $12,294,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Time Warner by 10.7% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 373,956 shares of the media conglomerate’s stock valued at $38,312,000 after purchasing an additional 36,200 shares during the last quarter. Swiss National Bank grew its stake in shares of Time Warner by 1.9% during the third quarter. Swiss National Bank now owns 3,052,408 shares of the media conglomerate’s stock worth $312,719,000 after acquiring an additional 56,000 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Time Warner by 20.3% in the third quarter. Principal Financial Group Inc. now owns 1,894,880 shares of the media conglomerate’s stock valued at $194,130,000 after buying an additional 319,196 shares during the last quarter. 77.55% of the stock is owned by institutional investors.
In related news, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the transaction, the director now owns 44,959 shares in the company, valued at approximately $4,370,014.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $2,111,203.50. The disclosure for this sale can be found here. Insiders sold 356,947 shares of company stock valued at $32,369,031 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is presently 29.65%.
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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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