Time Inc (TIME) Given Average Rating of “Hold” by Brokerages

Shares of Time Inc (NYSE:TIME) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.20.

A number of brokerages recently issued reports on TIME. Citigroup cut shares of Time from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded shares of Time from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Friday. Gabelli cut shares of Time from a “buy” rating to a “sell” rating and set a $20.00 target price for the company. in a research report on Tuesday, November 28th. Evercore ISI began coverage on shares of Time in a research report on Friday, November 17th. They set an “outperform” rating and a $7.00 target price for the company. Finally, ValuEngine upgraded shares of Time from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th.

Shares of Time (NYSE TIME) opened at $18.45 on Tuesday. The stock has a market cap of $1,840.00, a PE ratio of -922.50, a P/E/G ratio of 2.73 and a beta of 1.06. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. Time has a 1 year low of $9.90 and a 1 year high of $19.70.

Time (NYSE:TIME) last announced its earnings results on Thursday, November 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $693.65 million. Time had a negative net margin of 0.10% and a positive return on equity of 7.53%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. analysts expect that Time will post 1.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, November 29th. Time’s payout ratio is presently -800.00%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Shell Asset Management Co. acquired a new stake in Time in the 3rd quarter valued at about $104,000. Shelton Capital Management acquired a new stake in Time in the 2nd quarter valued at about $144,000. Riverhead Capital Management LLC increased its position in Time by 84.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,343 shares of the company’s stock valued at $148,000 after acquiring an additional 4,743 shares in the last quarter. Flinton Capital Management LLC increased its position in Time by 84.9% in the 2nd quarter. Flinton Capital Management LLC now owns 10,438 shares of the company’s stock valued at $150,000 after acquiring an additional 4,794 shares in the last quarter. Finally, QS Investors LLC acquired a new stake in Time in the 2nd quarter valued at about $184,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.

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Time Company Profile

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.

Analyst Recommendations for Time (NYSE:TIME)

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