Time Inc. (NYSE:TIME) has received an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.75.

Several research analysts have commented on TIME shares. BidaskClub raised Time from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Morgan Stanley cut their price objective on Time from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Zacks Investment Research lowered Time from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Evercore ISI assumed coverage on Time in a research report on Friday, November 17th. They set an “outperform” rating and a $7.00 target price on the stock. Finally, Citigroup lowered Time from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th.

Time (NYSE TIME) opened at $18.50 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.96 and a quick ratio of 0.93. Time has a 52-week low of $9.90 and a 52-week high of $20.40. The company has a market capitalization of $1,852.97, a PE ratio of 17.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02.

Time (NYSE:TIME) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. Time had a positive return on equity of 7.53% and a negative net margin of 0.10%. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $693.65 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. equities research analysts anticipate that Time will post 1.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, November 29th. Time’s payout ratio is -533.16%.

Several hedge funds and other institutional investors have recently made changes to their positions in TIME. Shell Asset Management Co. purchased a new stake in shares of Time during the third quarter worth about $104,000. Shelton Capital Management purchased a new stake in shares of Time during the second quarter worth about $144,000. Riverhead Capital Management LLC increased its position in shares of Time by 84.7% during the second quarter. Riverhead Capital Management LLC now owns 10,343 shares of the company’s stock worth $148,000 after acquiring an additional 4,743 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Time by 84.9% during the second quarter. Flinton Capital Management LLC now owns 10,438 shares of the company’s stock worth $150,000 after acquiring an additional 4,794 shares during the last quarter. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Time during the second quarter worth about $156,000. 88.23% of the stock is currently owned by institutional investors and hedge funds.

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Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

Analyst Recommendations for Time (NYSE:TIME)

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