Zacks: Brokerages Anticipate Time Warner Inc (TWX) Will Post Quarterly Sales of $7.95 Billion

Brokerages expect Time Warner Inc (NYSE:TWX) to report $7.95 billion in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Time Warner’s earnings. The highest sales estimate is $8.27 billion and the lowest is $7.73 billion. Time Warner posted sales of $7.74 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is expected to announce its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Time Warner will report full year sales of $7.95 billion for the current year, with estimates ranging from $32.00 billion to $33.19 billion. For the next financial year, analysts anticipate that the firm will report sales of $33.86 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Time Warner.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.41 billion. During the same period in the prior year, the firm posted $1.25 EPS. The business’s revenue was up 9.1% compared to the same quarter last year.

Several research analysts have weighed in on the company. Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. FBR & Co lowered Time Warner from a “buy” rating to a “neutral” rating and upped their target price for the stock from $105.00 to $107.50 in a research report on Monday, October 16th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $84.00 target price (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Finally, Barclays upped their target price on Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $104.36.

In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William P. Barr sold 4,019 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $97.20, for a total value of $390,646.80. Following the sale, the director now owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,947 shares of company stock worth $32,369,031. 0.16% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Time Warner by 1.3% during the 4th quarter. BlackRock Inc. now owns 45,517,104 shares of the media conglomerate’s stock valued at $4,163,450,000 after purchasing an additional 564,977 shares during the period. Independent Franchise Partners LLP boosted its stake in Time Warner by 2.8% during the 3rd 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. Canyon Capital Advisors LLC boosted its stake in Time Warner by 3.7% during the 2nd quarter. Canyon Capital Advisors LLC now owns 5,906,054 shares of the media conglomerate’s stock valued at $593,027,000 after purchasing an additional 210,206 shares during the period. Boston Partners boosted its stake in Time Warner by 0.9% during the 4th quarter. Boston Partners now owns 5,140,335 shares of the media conglomerate’s stock valued at $470,187,000 after purchasing an additional 46,309 shares during the period. Finally, Empyrean Capital Partners LP lifted its position in shares of Time Warner by 93.1% in the 2nd quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after acquiring an additional 2,052,932 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.

Shares of Time Warner (NYSE TWX) traded up $1.21 during mid-day trading on Wednesday, reaching $93.61. The company’s stock had a trading volume of 5,603,534 shares, compared to its average volume of 5,150,000. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. Time Warner has a 12 month low of $85.88 and a 12 month high of $103.90. The firm has a market cap of $72,880.00, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.24 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio is 29.65%.

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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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Earnings History and Estimates for Time Warner (NYSE:TWX)

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