Somewhat Favorable News Coverage Somewhat Unlikely to Affect Time (TIME) Stock Price
Media coverage about Time (NYSE:TIME) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Time earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.8145955920362 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- See what the IHS Markit Score report has to say about Time Inc. (finance.yahoo.com)
- Time Inc. (NYSE:TIME) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Now Is the Time to Take a Bite of Domino’s Pizza, Inc. (DPZ) Stock (investorplace.com)
- It’s Time to Fade the Apple Inc. (AAPL) Stock Earnings Rally (investorplace.com)
- Time Inc. revenue drops as digital ads disappoint | New York Post – New York Post (nypost.com)
A number of analysts have recently issued reports on TIME shares. BidaskClub upgraded shares of Time from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Time from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Macquarie cut shares of Time from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Thursday, June 15th. Wells Fargo & Company cut shares of Time from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. Finally, ValuEngine cut shares of Time from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.40.
Time (TIME) opened at 13.55 on Friday. The company’s 50-day moving average is $14.02 and its 200-day moving average is $16.14. Time has a 52-week low of $11.65 and a 52-week high of $20.40. The company’s market capitalization is $1.35 billion.
Time (NYSE:TIME) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Time had a positive return on equity of 7.06% and a negative net margin of 4.34%. The firm had revenue of $694 million during the quarter, compared to analysts’ expectations of $698.66 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, analysts expect that Time will post $1.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, August 29th. Time’s payout ratio is -12.31%.
In other news, Director Dennis J. Fitzsimons purchased 3,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were purchased at an average cost of $11.99 per share, with a total value of $35,970.00. Following the completion of the acquisition, the director now owns 30,674 shares in the company, valued at approximately $367,781.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ronald S. Rolfe purchased 2,000 shares of the stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of $12.85 per share, for a total transaction of $25,700.00. Following the completion of the acquisition, the director now owns 32,147 shares of the company’s stock, valued at approximately $413,088.95. The disclosure for this purchase can be found here. Corporate insiders own 1.92% of the company’s stock.
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Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.
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