Brokerages expect Time Warner Inc (NYSE:TWX) to announce sales of $7.95 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Time Warner’s earnings, with the highest sales estimate coming in at $8.27 billion and the lowest estimate coming in at $7.73 billion. Time Warner posted sales of $7.74 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The company is scheduled to report 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 fiscal year, with estimates ranging from $32.00 billion to $33.19 billion. For the next financial year, analysts forecast that the business will post sales of $33.86 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Time Warner.
Time Warner (NYSE:TWX) last posted its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Time Warner’s revenue for the quarter was up 9.1% compared to the same quarter last year.
TWX has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Monday, November 13th. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Finally, Cowen reaffirmed a “hold” rating and issued a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $104.36.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now owns 27,785 shares in the company, valued at $2,600,953.85. The disclosure for this sale can be found here. Insiders have sold 360,966 shares of company stock worth $32,745,250 over the last 90 days. Insiders own 0.16% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TWX. Assenagon Asset Management S.A. purchased a new stake in shares of Time Warner during the third quarter worth approximately $1,497,000. Fisher Asset Management LLC increased its stake in shares of Time Warner by 6.2% during the third quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock worth $1,106,000 after buying an additional 626 shares during the period. Nationwide Fund Advisors increased its stake in shares of Time Warner by 0.6% during the third quarter. Nationwide Fund Advisors now owns 218,764 shares of the media conglomerate’s stock worth $22,412,000 after buying an additional 1,410 shares during the period. Leisure Capital Management purchased a new stake in shares of Time Warner during the third quarter worth approximately $203,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Time Warner during the third quarter worth approximately $82,459,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.
Time Warner (NYSE TWX) opened at $94.70 on Friday. Time Warner has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. The company has a market cap of $73,730.00, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.70%. Time Warner’s 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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