Time Inc. (TIME) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Time Inc. (NYSE:TIME) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “Time Inc. is a branded media company. It publishes magazines in the United States, the United Kingdom, and internationally. Time also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfilment services to other third-party clients, including other magazine publishers. The Company’s brands includes Time, People, Sports Illustrated, InStyle, Real Simple, Travel + Leisure, Food & Wine, and Wallpaper. Time Inc. is headquartered in New York. “

Several other equities research analysts have also recently commented on the company. ValuEngine cut Time from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub upgraded Time from a sell rating to a hold rating in a research note on Wednesday, June 28th. Finally, Macquarie cut Time from an outperform rating to a neutral rating and set a $15.00 price target for the company. in a research note on Thursday, June 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $14.67.

Shares of Time (NYSE:TIME) traded up 1.383% during midday trading on Wednesday, hitting $12.825. 308,512 shares of the stock were exchanged. Time has a one year low of $11.65 and a one year high of $20.40. The firm has a 50 day moving average of $13.01 and a 200-day moving average of $14.31. The company’s market cap is $1.28 billion.

Time (NYSE:TIME) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Time had a positive return on equity of 7.06% and a negative net margin of 4.34%. The company had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $698.66 million. During the same quarter last year, the company earned $0.22 EPS. Time’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts expect that Time will post $1.10 EPS for the current year.

WARNING: “Time Inc. (TIME) Lowered to “Sell” at Zacks Investment Research” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/12/time-inc-time-lowered-to-sell-at-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, August 29th. Time’s dividend payout ratio (DPR) is presently -12.31%.

A number of hedge funds have recently made changes to their positions in TIME. Great West Life Assurance Co. Can grew its holdings in Time by 4.0% during the first quarter. Great West Life Assurance Co. Can now owns 59,427 shares of the company’s stock worth $1,146,000 after acquiring an additional 2,259 shares during the period. First Trust Advisors LP acquired a new position in Time during the first quarter worth $602,000. UBS Asset Management Americas Inc. grew its holdings in Time by 17.4% during the first quarter. UBS Asset Management Americas Inc. now owns 76,629 shares of the company’s stock worth $1,483,000 after acquiring an additional 11,365 shares during the period. Karp Capital Management Corp acquired a new position in Time during the first quarter worth $887,000. Finally, Neuberger Berman Group LLC grew its holdings in Time by 66.7% during the first quarter. Neuberger Berman Group LLC now owns 105,570 shares of the company’s stock worth $2,043,000 after acquiring an additional 42,237 shares during the period. 90.06% of the stock is currently owned by hedg

According to Zacks, “Time Inc. is a branded media company. It publishes magazines in the United States, the United Kingdom, and internationally. Time also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfilment services to other third-party clients, including other magazine publishers. The Company’s brands includes Time, People, Sports Illustrated, InStyle, Real Simple, Travel + Leisure, Food & Wine, and Wallpaper. Time Inc. is headquartered in New York. “

Several other equities research analysts have also recently commented on the company. ValuEngine cut Time from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub upgraded Time from a sell rating to a hold rating in a research note on Wednesday, June 28th. Finally, Macquarie cut Time from an outperform rating to a neutral rating and set a $15.00 price target for the company. in a research note on Thursday, June 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $14.67.

Shares of Time (NYSE:TIME) traded up 1.383% during midday trading on Wednesday, hitting $12.825. 308,512 shares of the stock were exchanged. Time has a one year low of $11.65 and a one year high of $20.40. The firm has a 50 day moving average of $13.01 and a 200-day moving average of $14.31. The company’s market cap is $1.28 billion.

Time (NYSE:TIME) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Time had a positive return on equity of 7.06% and a negative net margin of 4.34%. The company had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $698.66 million. During the same quarter last year, the company earned $0.22 EPS. Time’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts expect that Time will post $1.10 EPS for the current year.

WARNING: “Time Inc. (TIME) Lowered to “Sell” at Zacks Investment Research” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/12/time-inc-time-lowered-to-sell-at-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, August 29th. Time’s dividend payout ratio (DPR) is presently -12.31%.

A number of hedge funds have recently made changes to their positions in TIME. Great West Life Assurance Co. Can grew its holdings in Time by 4.0% during the first quarter. Great West Life Assurance Co. Can now owns 59,427 shares of the company’s stock worth $1,146,000 after acquiring an additional 2,259 shares during the period. First Trust Advisors LP acquired a new position in Time during the first quarter worth $602,000. UBS Asset Management Americas Inc. grew its holdings in Time by 17.4% during the first quarter. UBS Asset Management Americas Inc. now owns 76,629 shares of the company’s stock worth $1,483,000 after acquiring an additional 11,365 shares during the period. Karp Capital Management Corp acquired a new position in Time during the first quarter worth $887,000. Finally, Neuberger Berman Group LLC grew its holdings in Time by 66.7% during the first quarter. Neuberger Berman Group LLC now owns 105,570 shares of the company’s stock worth $2,043,000 after acquiring an additional 42,237 shares during the period. 90.06% of the stock is currently owned by hedge funds and other institutional investors.

About Time

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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