Time Warner Inc. (NYSE:TWX) – Stock analysts at FBR & Co upped their Q3 2017 earnings per share (EPS) estimates for Time Warner in a report issued on Tuesday. FBR & Co analyst B. Crockett now expects that the media conglomerate will earn $1.65 per share for the quarter, up from their previous forecast of $1.63. FBR & Co currently has a “Buy” rating and a $107.50 target price on the stock. FBR & Co also issued estimates for Time Warner’s Q4 2017 earnings at $1.45 EPS.

Several other research analysts have also commented on TWX. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Time Warner has a consensus rating of “Hold” and a consensus price target of $100.95.

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Shares of Time Warner (NYSE:TWX) opened at 103.20 on Wednesday. The firm has a 50-day moving average of $99.92 and a 200-day moving average of $98.29. The firm has a market cap of $80.04 billion, a price-to-earnings ratio of 19.69 and a beta of 1.05. Time Warner has a 12 month low of $74.27 and a 12 month high of $103.32.

Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The firm had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, July 6th. Time Warner’s dividend payout ratio is currently 30.78%.

In other news, CFO Howard M. Averill purchased 255 shares of the stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the acquisition, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of TWX. BlackRock Inc. boosted its stake in Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after buying an additional 40,940,053 shares during the last quarter. Canyon Capital Advisors LLC boosted its stake in Time Warner by 397.0% in the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after buying an additional 4,549,848 shares during the last quarter. OZ Management LP boosted its stake in Time Warner by 98.2% in the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock valued at $610,049,000 after buying an additional 3,093,353 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Time Warner by 4,979.0% in the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock valued at $261,700,000 after buying an additional 2,625,600 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock valued at $4,761,042,000 after buying an additional 1,740,936 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Time Warner Company Profile

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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