Time Warner Inc (NYSE:TWX) – Research analysts at Jefferies Group cut their FY2017 EPS estimates for shares of Time Warner in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the media conglomerate will post earnings per share of $6.29 for the year, down from their prior forecast of $6.30. Jefferies Group currently has a “Hold” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2018 earnings at $1.74 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.94 EPS and Q4 2018 earnings at $1.55 EPS.
A number of other research firms have also recently weighed in on TWX. Royal Bank of Canada reissued a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. Zacks Investment Research raised shares of Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. B. Riley reissued a “hold” rating and issued a $101.00 price objective on shares of Time Warner in a research report on Tuesday, November 21st. KeyCorp reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, Pivotal Research reissued a “buy” rating and issued a $108.00 price objective (up from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and a consensus target price of $105.13.
Time Warner (NYSE TWX) opened at $93.36 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The firm has a market cap of $72,690.00, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. Time Warner has a 12-month low of $85.88 and a 12-month high of $103.90.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.4025 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.72%. Time Warner’s dividend payout ratio is currently 30.61%.
In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the transaction, the chief executive officer now directly owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Time Warner by 2.3% in the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after acquiring an additional 1,116,818 shares during the last quarter. BlackRock Inc. increased its stake in shares of Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares during the period. Franklin Resources Inc. increased its stake in shares of Time Warner by 0.4% in the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after purchasing an additional 51,596 shares during the period. Farallon Capital Management LLC increased its stake in shares of Time Warner by 37.3% in the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock valued at $700,862,000 after purchasing an additional 1,895,000 shares during the period. Finally, Independent Franchise Partners LLP increased its stake in shares of Time Warner by 2.8% in the third quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock valued at $693,140,000 after purchasing an additional 186,323 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.
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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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