Somewhat Positive Media Coverage Somewhat Unlikely to Impact Time (TIME) Share Price
News headlines about Time (NYSE:TIME) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Time earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.0377980920522 out of 100, indicating 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 media stories that may have impacted Accern’s scoring:
- How to Maximize Your Time and Find Work-Life Balance in 2018 (inc.com)
- WeissLaw LLP Files Class Action Lawsuit Against Time, Inc. (finance.yahoo.com)
- It’s Time for IBM to Move on From CEO Ginni Rometty (investorplace.com)
- 3 Big Time Danger Signals for Roku Inc Stock (investorplace.com)
- Now Is The Perfect Time For Apple Inc. (AAPL) To Buy Netflix, Inc. (NFLX) (msn.com)
Several research analysts have recently issued reports on TIME shares. BidaskClub raised Time from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Morgan Stanley decreased their target price on Time from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Zacks Investment Research lowered Time from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Evercore ISI initiated coverage on Time in a research report on Friday, November 17th. They issued an “outperform” rating and a $7.00 target price for the company. Finally, Citigroup lowered Time from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.17.
Time (NYSE TIME) opened at $18.45 on Tuesday. Time has a 52-week low of $9.90 and a 52-week high of $19.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $1,840.00, a P/E ratio of -922.50, a P/E/G ratio of 2.73 and a beta of 1.06.
Time (NYSE:TIME) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. Time had a positive return on equity of 7.53% and a negative net margin of 0.10%. The company had revenue of $679.00 million during the quarter, compared to analyst estimates of $693.65 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. equities analysts forecast that Time will post 1.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Wednesday, November 29th. Time’s dividend payout ratio (DPR) is presently -800.00%.
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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