Headlines about Time (NYSE:TIME) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Time earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.3929583844584 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Uber the subject of another federal investigation, this time for using software against Lyft (bizjournals.com)
- Time Inc. Launches Reality Cooking Show on Facebook’s ‘Watch’ Platform – TheStreet.com (thestreet.com)
- For the 5th Time, ITA International Appears on the Inc. 5000 list (dailypress.com)
- Time Inc. adds reality cooking show to Facebook Watch (seekingalpha.com)
- For the Third Time in a Row, The FDA Group Appears on Inc. 5000 List of America’s Fastest-Growing Private Companies (bizjournals.com)
Time (TIME) traded up 1.53% during mid-day trading on Monday, reaching $13.25. The company had a trading volume of 365,946 shares. Time has a one year low of $11.65 and a one year high of $20.40. The stock’s market capitalization is $1.32 billion. The company’s 50-day moving average is $13.33 and its 200-day moving average is $15.23.
Time (NYSE:TIME) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.03. The firm had revenue of $694 million for the quarter, compared to the consensus estimate of $698.66 million. Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. Time’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. Equities research analysts anticipate that Time will post $1.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.16 annualized dividend and a dividend yield of 1.23%. Time’s dividend payout ratio is currently -12.31%.
Several analysts recently weighed in on TIME shares. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut Time from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine raised Time from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Macquarie cut Time from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Time has a consensus rating of “Hold” and a consensus price target of $15.40.
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.
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