Wall Street brokerages forecast that Time Warner Inc (NYSE:TWX) will post $7.95 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Time Warner’s earnings. The lowest sales estimate is $7.73 billion and the highest is $8.27 billion. Time Warner posted sales of $7.74 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Time Warner will report full-year sales of $7.95 billion for the current year, with estimates ranging from $32.00 billion to $33.19 billion. For the next financial year, analysts forecast that the firm will post sales of $33.86 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Time Warner.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a return on equity of 7.21% and a net margin of 5.84%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS.
Shares of Time Warner (NYSE TWX) opened at $96.75 on Tuesday. The company has a market capitalization of $75,450.00, a price-to-earnings ratio of 17.62, a PEG ratio of 1.48 and a beta of 0.93. Time Warner has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
In related news, Director William P. Barr sold 4,019 shares of Time Warner stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total value of $390,646.80. Following the completion of the sale, the director now owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction dated 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. In the last three months, insiders sold 31,488 shares of company stock valued at $2,878,069. 0.16% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of TWX. Viking Global Investors LP purchased a new position in Time Warner during the 4th quarter valued at about $420,390,000. Canyon Capital Advisors LLC grew its holdings in Time Warner by 60.1% during the 4th quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after buying an additional 3,398,928 shares in the last quarter. Abrams Capital Management L.P. purchased a new position in Time Warner during the 4th quarter valued at about $272,639,000. Cowen Inc. grew its holdings in Time Warner by 833.4% during the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after buying an additional 2,300,205 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Time Warner by 57.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock valued at $494,586,000 after buying an additional 1,962,423 shares in the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.
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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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