Time Inc. (NYSE:TIME) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Time Inc. (NYSE:TIME) from a hold rating to a sell rating in a report issued on Wednesday, October 11th.

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 commented on the company. ValuEngine lowered Time from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub raised Time from a sell rating to a hold rating in a research report on Wednesday, June 28th. Finally, Macquarie downgraded Time from an outperform rating to a neutral rating and set a $15.00 target price for the company. in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of $14.67.

Shares of Time (NYSE:TIME) traded up 2.97% during mid-day trading on Wednesday, hitting $12.15. 671,817 shares of the stock were exchanged. The stock’s market cap is $1.21 billion. Time has a 12 month low of $11.65 and a 12 month high of $20.40. The stock’s 50 day moving average is $12.94 and its 200-day moving average is $13.99.

Time (NYSE:TIME) last released its 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). The business had revenue of $694.00 million during the quarter, compared to analyst estimates of $698.66 million. Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts anticipate that Time will post $1.10 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/21/time-inc-time-lowered-to-sell-at-zacks-investment-research.html.

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of Time by 53.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,487,300 shares of the company’s stock worth $48,129,000 after purchasing an additional 870,200 shares during the period. First Trust Advisors LP acquired a new stake in shares of Time during the 1st quarter worth approximately $602,000. AMG Funds LLC raised its position in shares of Time by 5.7% during the 2nd quarter. AMG Funds LLC now owns 143,337 shares of the company’s stock worth $2,057,000 after purchasing an additional 7,788 shares during the period. Advantus Capital Management Inc raised its position in shares of Time by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 12,700 shares of the company’s stock worth $246,000 after purchasing an additional 389 shares during the period. Finally, Strs Ohio raised its position in shares of Time by 21.3% during the 2nd quarter. Strs Ohio now owns 71,100 shares of the company’s stock worth $1,020,000 after purchasing an additional 12,500 shares during the period. 89.68% of the stock is currently owned by institutional investors.

Time Company Profile

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, South

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 commented on the company. ValuEngine lowered Time from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub raised Time from a sell rating to a hold rating in a research report on Wednesday, June 28th. Finally, Macquarie downgraded Time from an outperform rating to a neutral rating and set a $15.00 target price for the company. in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of $14.67.

Shares of Time (NYSE:TIME) traded up 2.97% during mid-day trading on Wednesday, hitting $12.15. 671,817 shares of the stock were exchanged. The stock’s market cap is $1.21 billion. Time has a 12 month low of $11.65 and a 12 month high of $20.40. The stock’s 50 day moving average is $12.94 and its 200-day moving average is $13.99.

Time (NYSE:TIME) last released its 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). The business had revenue of $694.00 million during the quarter, compared to analyst estimates of $698.66 million. Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts anticipate that Time will post $1.10 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/21/time-inc-time-lowered-to-sell-at-zacks-investment-research.html.

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of Time by 53.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,487,300 shares of the company’s stock worth $48,129,000 after purchasing an additional 870,200 shares during the period. First Trust Advisors LP acquired a new stake in shares of Time during the 1st quarter worth approximately $602,000. AMG Funds LLC raised its position in shares of Time by 5.7% during the 2nd quarter. AMG Funds LLC now owns 143,337 shares of the company’s stock worth $2,057,000 after purchasing an additional 7,788 shares during the period. Advantus Capital Management Inc raised its position in shares of Time by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 12,700 shares of the company’s stock worth $246,000 after purchasing an additional 389 shares during the period. Finally, Strs Ohio raised its position in shares of Time by 21.3% during the 2nd quarter. Strs Ohio now owns 71,100 shares of the company’s stock worth $1,020,000 after purchasing an additional 12,500 shares during the period. 89.68% of the stock is currently owned by institutional investors.

Time Company Profile

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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