Brokers Issue Forecasts for Time Warner Inc’s Q1 2018 Earnings (TWX)
Time Warner Inc (NYSE:TWX) – Equities researchers at B. Riley issued their Q1 2018 earnings per share estimates for Time Warner in a report issued on Tuesday. B. Riley analyst B. Crockett anticipates that the media conglomerate will post earnings of $1.73 per share for the quarter. B. Riley currently has a “Hold” rating and a $101.00 target price on the stock. B. Riley also issued estimates for Time Warner’s Q2 2018 earnings at $1.62 EPS and Q3 2018 earnings at $2.27 EPS.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.16. The business 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 business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS.
Shares of Time Warner (NYSE:TWX) opened at $95.16 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $74,404.20, a P/E ratio of 14.88, a PEG ratio of 1.30 and a beta of 0.94. Time Warner has a 1 year low of $85.88 and a 1 year high of $103.90.
Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC increased its position in shares of Time Warner by 98.0% during the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after purchasing an additional 400 shares during the period. Bank of Nova Scotia Trust Co. acquired a new position in shares of Time Warner during the 3rd quarter valued at $102,000. Americafirst Capital Management LLC acquired a new position in shares of Time Warner during the 3rd quarter valued at $106,000. Zions Bancorporation increased its position in shares of Time Warner by 698.6% during the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Time Warner by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after purchasing an additional 26 shares during the period. Institutional investors own 77.55% of the company’s stock.
In related news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William P. Barr sold 4,019 shares of Time Warner stock in a transaction 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 transaction, the director now owns 44,959 shares in the company, valued at $4,370,014.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,947 shares of company stock worth $32,369,031. 0.16% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio is currently 24.32%.
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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