A number of other equities analysts have also recently issued reports on the company. Jefferies Group LLC reiterated a hold rating and set a $105.00 target price on shares of Time Warner in a report on Sunday, September 10th. Royal Bank Of Canada reiterated a hold rating and set a $108.00 target price on shares of Time Warner in a report on Tuesday, August 15th. Zacks Investment Research cut Time Warner from a buy rating to a hold rating in a report on Monday, August 7th. Evercore ISI cut Time Warner from an outperform rating to an in-line rating and set a $108.00 target price for the company. in a report on Monday, August 7th. Finally, Barclays PLC cut Time Warner from an overweight rating to an equal weight rating and raised their price objective for the company from $95.00 to $107.00 in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, twenty-six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $102.25.
Time Warner (TWX) opened at 101.03 on Tuesday. The stock’s 50 day moving average price is $101.70 and its 200-day moving average price is $99.67. The stock has a market cap of $78.58 billion, a P/E ratio of 18.74 and a beta of 1.04. Time Warner has a one year low of $74.27 and a one year high of $103.34.
Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. On average, analysts predict that Time Warner will post $6.10 earnings per share for the current year.
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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Time Warner by 2.3% during the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after purchasing an additional 1,116,818 shares during the period. BlackRock Inc. lifted its holdings in shares of Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after purchasing an additional 1,696,681 shares during the period. State Street Corp lifted its holdings in shares of Time Warner by 2.1% during the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after purchasing an additional 688,860 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after purchasing an additional 51,596 shares during the period. Finally, FMR LLC lifted its holdings in shares of Time Warner by 0.6% during the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock worth $1,165,905,000 after purchasing an additional 68,625 shares during the period. Institutional investors own 79.29% of the company’s stock.
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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