Wall Street brokerages expect Time Warner Inc (NYSE:TWX) to post $7.95 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Time Warner’s earnings, with estimates ranging from $7.73 billion to $8.27 billion. Time Warner reported sales of $7.74 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The company is scheduled to announce its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Time Warner will report full-year sales of $7.95 billion for the current year, with estimates ranging from $32.00 billion to $33.19 billion. For the next financial year, analysts forecast that the business will post sales of $33.86 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Time Warner.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the consensus estimate of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the business posted $1.25 earnings per share. Time Warner’s revenue was up 9.1% compared to the same quarter last year.

TWX has been the subject of several analyst reports. Zacks Investment Research downgraded Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Monday, November 13th. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Deutsche Bank reissued a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a research note on Friday, November 10th. Finally, Cowen reissued a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research note on Friday, October 27th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Time Warner currently has an average rating of “Hold” and a consensus target price of $104.36.

Shares of Time Warner (NYSE:TWX) traded up $1.21 during midday trading on Wednesday, hitting $93.61. The stock had a trading volume of 5,603,534 shares, compared to its average volume of 5,150,000. Time Warner has a twelve month low of $85.88 and a twelve month high of $103.90. The stock has a market capitalization of $72,880.00, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio is currently 29.65%.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 356,947 shares of company stock worth $32,369,031. Insiders own 0.16% of the company’s stock.

A number of hedge funds have recently modified their holdings of TWX. Cowen Inc. increased its position in Time Warner by 833.4% in the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after purchasing an additional 2,300,205 shares during the last quarter. Janus Henderson Group PLC increased its position in Time Warner by 2,022.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after purchasing an additional 2,069,495 shares during the last quarter. Empyrean Capital Partners LP increased its position in Time Warner by 93.1% in the 2nd quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after purchasing an additional 2,052,932 shares during the last quarter. Samlyn Capital LLC increased its position in Time Warner by 77.0% in the 2nd quarter. Samlyn Capital LLC now owns 1,869,660 shares of the media conglomerate’s stock worth $187,732,000 after purchasing an additional 813,160 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Time Warner during the 3rd quarter valued at about $82,459,000. 76.85% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Time Warner (NYSE:TWX)

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