FY2017 EPS Estimates for Time Warner Inc (TWX) Decreased by Analyst
Time Warner Inc (NYSE:TWX) – Equities research analysts at Jefferies Group reduced their FY2017 earnings per share estimates for shares of Time Warner in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the media conglomerate will earn $6.29 per share for the year, down from their previous estimate of $6.30. Jefferies Group currently has a “Hold” rating and a $105.00 target price on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2018 earnings at $1.74 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.94 EPS and Q4 2018 earnings at $1.55 EPS.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS.
A number of other equities research analysts have also recently commented on the company. Deutsche Bank reiterated a “buy” rating and set a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Loop Capital lowered their target price on Time Warner from $107.50 to $102.00 and set a “hold” rating on the stock in a report on Thursday, November 9th. Wells Fargo & Co reiterated a “market perform” rating and set a $84.00 target price (down previously from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Cowen reiterated a “hold” rating and set a $102.00 target price on shares of Time Warner in a report on Friday, October 27th. Finally, Barclays increased their target price on Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. Time Warner presently has an average rating of “Hold” and an average target price of $105.13.
Shares of Time Warner (NYSE:TWX) opened at $93.36 on Friday. The company has a market capitalization of $72,690.00, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner has a fifty-two week low of $85.88 and a fifty-two week high of $103.90.
A number of institutional investors have recently modified their holdings of the stock. Jacobi Capital Management LLC boosted its holdings in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the last quarter. Aureus Asset Management LLC boosted its holdings in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after acquiring an additional 25 shares during the last quarter. Advisory Services Network LLC boosted its holdings 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 last quarter. GWM Advisors LLC boosted its holdings 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 last quarter. Finally, Westside Investment Management Inc. boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.
In other news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is 30.61%.
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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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