Equities analysts expect Time Warner Inc. (NYSE:TWX) to post sales of $7.40 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Time Warner’s earnings. The lowest sales estimate is $7.27 billion and the highest is $7.52 billion. Time Warner reported sales of $7.17 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is expected to report its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Time Warner will report full-year sales of $7.40 billion for the current financial year, with estimates ranging from $30.69 billion to $31.20 billion. For the next year, analysts anticipate that the business will report sales of $32.51 billion per share, with estimates ranging from $31.29 billion to $33.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Time Warner.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. Time Warner’s revenue was up 5.4% compared to the same quarter last year.
A number of equities analysts recently issued reports on TWX shares. Jefferies Group LLC restated a “buy” rating and issued a $105.00 target price on shares of Time Warner in a research note on Monday, May 22nd. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Thursday, July 13th. Barclays PLC lowered Time Warner from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $95.00 to $107.00 in a research note on Friday, August 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $102.25.
In other news, CFO Howard M. Averill acquired 255 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the acquisition, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Time Warner by 2.3% in the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after buying an additional 1,116,818 shares during the period. BlackRock Inc. raised its position in Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after buying an additional 1,696,681 shares during the period. State Street Corp raised its position in Time Warner by 2.1% in the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares during the period. Franklin Resources Inc. raised its position in Time Warner by 0.4% in the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after buying an additional 51,596 shares during the period. Finally, FMR LLC raised its position in Time Warner by 0.6% in the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock worth $1,165,905,000 after buying an additional 68,625 shares during the period. 79.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Time Warner (NYSE TWX) traded down 0.24% during mid-day trading on Monday, hitting $101.10. The company had a trading volume of 4,625,052 shares. The company has a market capitalization of $78.64 billion, a price-to-earnings ratio of 18.76 and a beta of 1.05. Time Warner has a 1-year low of $74.27 and a 1-year high of $103.34. The company has a 50-day moving average price of $101.22 and a 200-day moving average price of $99.25.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, July 6th. Time Warner’s payout ratio is 29.98%.
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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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