Time Warner Inc. (TWX) Forecasted to Post FY2020 Earnings of $7.86 Per Share
Time Warner Inc. (NYSE:TWX) – B. Riley issued their FY2020 earnings per share (EPS) estimates for Time Warner in a report released on Wednesday. B. Riley analyst B. Crockett forecasts that the media conglomerate will earn $7.86 per share for the year. B. Riley currently has a “Neutral” rating and a $101.00 target price on the stock.
TWX has been the topic of several other reports. Cowen and Company reiterated a “hold” rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Thursday, August 3rd. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price on the stock. in a report on Monday, September 18th. Deutsche Bank AG reiterated a “buy” rating and set a $99.00 target price on shares of Time Warner in a report on Friday. Finally, Royal Bank of Canada restated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a report on Wednesday, October 18th. Twenty-four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Time Warner currently has an average rating of “Hold” and an average price target of $104.02.
Shares of Time Warner (NYSE TWX) traded up $3.55 during trading hours on Friday, hitting $90.60. The company had a trading volume of 26,863,602 shares, compared to its average volume of 4,485,041. The stock has a market cap of $67,776.52, a P/E ratio of 14.36, a P/E/G ratio of 1.37 and a beta of 0.98. 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 1-year low of $85.77 and a 1-year high of $103.90.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the company. Jacobi Capital Management LLC raised its stake in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares in the last quarter. Bellwether Investment Group LLC raised its position in shares of Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares during the period. Harfst & Associates Inc. raised its position in shares of Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after purchasing an additional 288 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Time Warner during the second quarter worth $127,000. 79.11% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio is presently 30.73%.
About Time Warner
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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