Time Warner Inc (NYSE:TWX) – Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for Time Warner in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now expects that the media conglomerate will post earnings of $1.48 per share for the quarter, down from their prior forecast of $1.49. Jefferies Group has a “Hold” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Time Warner’s FY2018 earnings at $6.71 EPS.
A number of other analysts have also issued reports on the company. Deutsche Bank reissued a “buy” rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Loop Capital cut their target price on Time Warner from $107.50 to $102.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Wells Fargo & Co reissued a “market perform” rating and issued a $84.00 target price (down previously from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Cowen reissued a “hold” rating and issued a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Finally, Barclays boosted their target price on Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $105.13.
Shares of Time Warner (TWX) opened at $92.17 on Thursday. The stock has a market capitalization of $71,560.48, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner has a 12-month low of $85.88 and a 12-month high of $103.90.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a $0.4025 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.75%. Time Warner’s dividend payout ratio (DPR) is 30.73%.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the transaction, the chief executive officer now owns 855,925 shares in the company, valued at $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 business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Time Warner by 2.3% during the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after purchasing an additional 1,116,818 shares in the last quarter. BlackRock Inc. grew its stake in shares of Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after purchasing an additional 1,696,681 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after purchasing an additional 51,596 shares in the last quarter. Farallon Capital Management LLC grew its stake in shares of Time Warner by 37.3% during the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after purchasing an additional 1,895,000 shares in the last quarter. Finally, Independent Franchise Partners LLP grew its stake in shares of Time Warner by 2.8% during the third quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock worth $693,140,000 after purchasing an additional 186,323 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.
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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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