Time Warner Inc. (NYSE:TWX) – B. Riley raised their FY2017 earnings estimates for shares of Time Warner in a research report issued to clients and investors on Wednesday. B. Riley analyst B. Crockett now forecasts that the media conglomerate will earn $6.24 per share for the year, up from their prior estimate of $6.07. B. Riley has a “Neutral” rating and a $101.00 price objective on the stock. B. Riley also issued estimates for Time Warner’s Q4 2017 earnings at $1.44 EPS, FY2018 earnings at $6.44 EPS and FY2019 earnings at $7.11 EPS.
Several other analysts have also recently commented on TWX. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. BidaskClub cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Credit Suisse Group cut shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research note on Monday, September 18th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, October 12th. Twenty-four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $104.28.
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Time Warner (NYSE:TWX) opened at $87.05 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner has a 12-month low of $85.22 and a 12-month high of $103.90. The stock has a market capitalization of $73,701.62, a P/E ratio of 15.62, a P/E/G ratio of 1.49 and a beta of 0.98.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same period in the previous year, the firm posted $1.83 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Time Warner by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after buying an additional 1,116,818 shares in the last quarter. BlackRock Inc. lifted its holdings in Time Warner by 4.0% in the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after buying an additional 1,696,681 shares in the last quarter. State Street Corp lifted its holdings in Time Warner by 2.1% in the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Time Warner by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after buying an additional 51,596 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Time Warner by 8.3% in the 1st quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock worth $710,380,000 after buying an additional 556,674 shares in the last quarter. 79.11% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.85%. Time Warner’s dividend payout ratio (DPR) is 30.73%.
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.
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