Time Warner Inc (NYSE:TWX) – Investment analysts at KeyCorp raised their Q1 2018 EPS estimates for Time Warner in a report issued on Thursday, Zacks Investment Research reports. KeyCorp analyst A. Hargreaves now anticipates that the media conglomerate will post earnings of $1.79 per share for the quarter, up from their previous forecast of $1.73. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Time Warner’s Q2 2018 earnings at $1.62 EPS, Q1 2019 earnings at $1.81 EPS, Q4 2019 earnings at $1.76 EPS and FY2019 earnings at $7.50 EPS.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share.
A number of other research analysts have also recently commented on the company. Deutsche Bank restated a “buy” rating and set a $99.00 price objective on shares of Time Warner in a research note on Friday, November 10th. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Loop Capital dropped their target price on Time Warner from $107.50 to $102.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $84.00 target price (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Finally, Cowen reaffirmed a “hold” rating and set a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Time Warner presently has an average rating of “Hold” and a consensus target price of $104.36.
Time Warner (TWX) opened at $93.61 on Monday. The company has a market capitalization of $72,072.00, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. Time Warner has a one year low of $85.88 and a one year high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC boosted its stake in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after acquiring an additional 26 shares during the period. GWM Advisors LLC boosted its stake in Time Warner by 1.8% in the second quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after acquiring an additional 52 shares during the period. Westside Investment Management Inc. boosted its stake in Time Warner by 2.5% in the second quarter. Westside Investment Management Inc. now owns 2,896 shares of the media conglomerate’s stock valued at $291,000 after acquiring an additional 71 shares during the period. Sii Investments Inc. WI boosted its stake in Time Warner by 3.0% in the second quarter. Sii Investments Inc. WI now owns 5,786 shares of the media conglomerate’s stock valued at $582,000 after acquiring an additional 167 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Time Warner by 98.0% in the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after acquiring an additional 400 shares during the period. Institutional investors own 76.85% of the company’s stock.
In related news, Director William P. Barr sold 4,019 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total value of $390,646.80. Following the completion of the sale, the director now directly owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 356,947 shares of company stock valued at $32,369,031. 0.16% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, January 9th. Time Warner’s dividend payout ratio is currently 24.32%.
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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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