Wall Street brokerages predict that Time Warner Inc (NYSE:TWX) will report sales of $7.96 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Time Warner’s earnings. The lowest sales estimate is $7.73 billion and the highest is $8.30 billion. Time Warner posted sales of $7.74 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Time Warner will report full-year sales of $7.96 billion for the current year, with estimates ranging from $32.00 billion to $32.92 billion. For the next fiscal year, analysts expect that the business will post sales of $33.75 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Time Warner.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.41 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis.
In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,947 shares of company stock worth $32,369,031. 0.16% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWX. Cowen Inc. raised its holdings in Time Warner by 833.4% during the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after buying an additional 2,300,205 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Time Warner by 2,022.3% during the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares during the last quarter. Empyrean Capital Partners LP raised its holdings in Time Warner by 93.1% during the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after buying an additional 2,052,932 shares during the last quarter. Samlyn Capital LLC raised its holdings in Time Warner by 77.0% during the second quarter. Samlyn Capital LLC now owns 1,869,660 shares of the media conglomerate’s stock worth $187,732,000 after buying an additional 813,160 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Time Warner during the third quarter worth $82,459,000. Hedge funds and other institutional investors own 77.55% of the company’s stock.
Shares of Time Warner (TWX) opened at $95.16 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. Time Warner has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a market cap of $74,090.00, a price-to-earnings ratio of 17.52, a PEG ratio of 1.43 and a beta of 0.94.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio is presently 29.65%.
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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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