Time Warner Inc. (NYSE:TWX) issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23, Bloomberg Earnings reports. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. Time Warner’s revenue for the quarter was up 6.0% on a year-over-year basis.
Shares of Time Warner (NYSE TWX) traded up $3.55 on Friday, hitting $90.60. The company’s stock had a trading volume of 26,863,602 shares, compared to its average volume of 11,703,416. Time Warner has a twelve month low of $85.77 and a twelve month high of $103.90. The firm has a market cap of $70,540.52, a P/E ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 30.73%.
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Several equities research analysts have commented on TWX shares. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. BMO Capital Markets restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Wednesday, September 13th. KeyCorp restated a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, Cowen and Company restated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research report on Thursday, August 3rd. Twenty-four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Time Warner currently has an average rating of “Hold” and a consensus target price of $104.02.
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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