Time Warner Inc (TWX) Expected to Post Earnings of $1.76 Per Share
Equities research analysts expect Time Warner Inc (NYSE:TWX) to report earnings per share (EPS) of $1.76 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Time Warner’s earnings. The highest EPS estimate is $1.89 and the lowest is $1.67. Time Warner reported earnings of $1.66 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Time Warner will report full-year earnings of $7.56 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $8.28. For the next year, analysts anticipate that the firm will post earnings of $8.10 per share, with EPS estimates ranging from $7.50 to $8.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Time Warner.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. Time Warner’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS.
In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Insiders have sold a total of 356,947 shares of company stock worth $32,369,031 over the last 90 days. Insiders own 0.16% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC boosted its position in shares of Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after buying an additional 26 shares in the last quarter. GWM Advisors LLC boosted its position in shares of Time Warner by 1.8% in the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock worth $292,000 after buying an additional 52 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Time Warner by 2.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,896 shares of the media conglomerate’s stock worth $291,000 after buying an additional 71 shares in the last quarter. Sii Investments Inc. WI boosted its position in shares of Time Warner by 3.0% in the 2nd quarter. Sii Investments Inc. WI now owns 5,786 shares of the media conglomerate’s stock worth $582,000 after buying an additional 167 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock worth $335,000 after buying an additional 400 shares in the last quarter. Institutional investors own 77.55% of the company’s stock.
Shares of Time Warner (NYSE TWX) traded down $0.38 on Monday, reaching $94.73. 109,819 shares of the company’s stock traded hands, compared to its average volume of 5,070,166. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm has a market cap of $74,224.80, a PE ratio of 14.37, a P/E/G ratio of 1.28 and a beta of 0.94. Time Warner has a 12 month low of $85.88 and a 12 month high of $103.90.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.70%. Time Warner’s 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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