Wall Street analysts expect that Time Warner Inc. (NYSE:TWX) will post earnings of $1.46 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Time Warner’s earnings, with the lowest EPS estimate coming in at $1.37 and the highest estimate coming in at $1.55. Time Warner reported earnings per share of $1.25 during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.8%. The business is expected to issue its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Time Warner will report full year earnings of $6.20 per share for the current fiscal year, with EPS estimates ranging from $5.92 to $6.40. For the next fiscal year, analysts anticipate that the business will report earnings of $6.64 per share, with EPS estimates ranging from $6.12 to $7.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Time Warner.
Time Warner (NYSE:TWX) last announced its earnings results 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. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS.
Several research analysts recently issued reports on the company. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. B. Riley reaffirmed a “neutral” rating and set a $101.00 target price (down from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Tuesday, August 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, September 26th. Twenty-two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $103.93.
Shares of Time Warner (NYSE:TWX) traded up $3.55 during trading hours on Friday, reaching $90.60. The company had a trading volume of 26,863,600 shares, compared to its average volume of 12,702,318. The company has a market cap of $70,540.52, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.43 and a beta of 0.98. 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 twelve month low of $85.77 and a twelve month high of $103.90.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid 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 1.78%. Time Warner’s dividend payout ratio (DPR) is currently 30.73%.
Several institutional investors have recently bought and sold shares of TWX. Clark Capital Management Group Inc. lifted its position in shares of Time Warner by 10.4% during the 1st quarter. Clark Capital Management Group Inc. now owns 266,885 shares of the media conglomerate’s stock worth $26,078,000 after buying an additional 25,144 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Time Warner by 769.2% during the 1st quarter. Westside Investment Management Inc. now owns 2,825 shares of the media conglomerate’s stock worth $278,000 after buying an additional 2,500 shares in the last quarter. Modera Wealth Management LLC bought a new position in shares of Time Warner during the 1st quarter worth approximately $209,000. Stephens Inc. AR lifted its position in shares of Time Warner by 72.1% during the 1st quarter. Stephens Inc. AR now owns 10,058 shares of the media conglomerate’s stock worth $983,000 after buying an additional 4,213 shares in the last quarter. Finally, Kellner Capital LLC lifted its position in shares of Time Warner by 169.7% during the 1st quarter. Kellner Capital LLC now owns 111,100 shares of the media conglomerate’s stock worth $10,856,000 after buying an additional 69,900 shares in the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.
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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