News headlines about Time (NYSE:TIME) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Time earned a media sentiment score of 0.40 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 35 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Time Inc. Considers a Corporate Rebrand (finance.yahoo.com)
- The Bad Rap on Apple Inc (AAPL) Stock Makes Investors Wonder If It’s Time to Swap For Alphabet (investorplace.com)
- It’s Not a Great Time to Be a Great American Brand (fool.com)
- How Time Inc. UK beauty site Powder mixes content and commerce (digiday.com)
- Time Inc. to partner with analytics provider Parse.ly on audience insights (talkingnewmedia.com)
Time (NYSE TIME) opened at 14.10 on Monday. The firm’s 50-day moving average is $13.08 and its 200-day moving average is $17.02. Time has a 1-year low of $11.65 and a 1-year high of $20.40. The firm’s market capitalization is $1.40 billion.
Time (NYSE:TIME) last announced its earnings results on Wednesday, May 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.03. The firm had revenue of $636 million for the quarter, compared to analyst estimates of $641.85 million. Time had a positive return on equity of 7.30% and a negative net margin of 2.18%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) EPS. On average, equities analysts anticipate that Time will post $1.18 EPS for the current year.
A number of brokerages recently weighed in on TIME. Stephens raised shares of Time from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 20th. Zacks Investment Research raised shares of Time from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Wells Fargo & Company downgraded shares of Time from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. Macquarie downgraded shares of Time from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Thursday, June 15th. Finally, BidaskClub raised shares of Time from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Time currently has a consensus rating of “Hold” and a consensus target price of $15.33.
In other news, Director Ronald S. Rolfe bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of $12.85 per share, for a total transaction of $25,700.00. Following the transaction, the director now directly owns 32,147 shares of the company’s stock, valued at approximately $413,088.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis J. Fitzsimons bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average price of $11.99 per share, with a total value of $35,970.00. Following the transaction, the director now directly owns 30,674 shares in the company, valued at $367,781.26. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,000 shares of company stock valued at $74,600 in the last quarter. 1.92% of the stock is currently owned by corporate insiders.
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.
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