Brokerages Anticipate Time Warner Inc. (NYSE:TWX) to Announce $1.59 EPS
Equities research analysts expect Time Warner Inc. (NYSE:TWX) to report earnings of $1.59 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Time Warner’s earnings, with the highest EPS estimate coming in at $1.73 and the lowest estimate coming in at $1.45. Time Warner posted earnings per share of $1.83 during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Time Warner will report full year earnings of $6.10 per share for the current financial year, with EPS estimates ranging from $5.92 to $6.40. For the next year, analysts anticipate that the firm will report earnings of $6.58 per share, with EPS estimates ranging from $6.31 to $7.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Time Warner.
Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year.
A number of brokerages have commented on TWX. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and increased their price target for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Friday, May 19th. Rosenblatt Securities reiterated a “neutral” rating and set a $105.00 price target on shares of Time Warner in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $105.00 price target (up from $102.42) on shares of Time Warner in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $102.25.
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Shares of Time Warner (NYSE:TWX) opened at 102.43 on Tuesday. Time Warner has a 12-month low of $74.27 and a 12-month high of $103.34. The firm’s 50-day moving average is $100.19 and its 200-day moving average is $98.55. The company has a market capitalization of $79.59 billion, a price-to-earnings ratio of 18.99 and a beta of 1.05.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is 29.98%.
In other Time Warner news, CFO Howard M. Averill bought 255 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. First Bank & Trust raised its position in shares of Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock worth $332,000 after buying an additional 9 shares during the period. Stillwater Investment Management LLC increased its stake in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares in the last quarter. Park National Corp OH increased its stake in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares in the last quarter. Integrated Wealth Management increased its stake in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock worth $278,000 after buying an additional 30 shares in the last quarter. 80.02% of the stock is owned by institutional investors and hedge funds.
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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