Brokerages expect Time Warner (NYSE:TWX) to report $7.95 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Time Warner’s earnings, with the lowest sales estimate coming in at $7.73 billion and the highest estimate coming in at $8.27 billion. Time Warner reported sales of $7.74 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that Time Warner will report full year sales of $32.55 billion for the current fiscal year, with estimates ranging from $32.00 billion to $33.19 billion. For the next financial year, analysts anticipate that the business will post sales of $33.86 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Time Warner.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis.
Several research analysts have weighed in on TWX shares. Zacks Investment Research downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. UBS upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.26 to $108.00 in a report on Monday, March 12th. Guggenheim restated a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Wells Fargo restated a “market perform” rating and set a $98.00 price objective (up previously from $84.00) on shares of Time Warner in a report on Thursday, January 4th. Finally, Pivotal Research restated a “buy” rating and set a $108.00 price objective (up previously from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $104.44.
TWX traded down $0.34 during trading on Monday, hitting $96.24. 5,881,683 shares of the company’s stock were exchanged, compared to its average volume of 5,309,013. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Time Warner has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The company has a market cap of $75,318.06, a price-to-earnings ratio of 14.99, a PEG ratio of 1.89 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a $0.4025 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.67%. This is an increase from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio is currently 25.08%.
In other news, Director William P. Barr sold 4,019 shares of the stock in a transaction dated Monday, February 5th. The shares were 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 owns 44,959 shares in the company, valued at $4,370,014.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Slow Capital Inc. bought a new position in Time Warner during the fourth quarter valued at about $113,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in Time Warner during the fourth quarter valued at about $131,000. K.J. Harrison & Partners Inc bought a new position in Time Warner during the fourth quarter valued at about $229,000. DF Dent & Co. Inc. bought a new position in Time Warner during the fourth quarter valued at about $229,000. Finally, SeaCrest Wealth Management LLC bought a new position in Time Warner during the fourth quarter valued at about $232,000. Institutional investors own 80.87% of the company’s stock.
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Time Warner Company Profile
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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