Time Warner Inc. (NYSE:TWX) – Stock analysts at Barrington Research boosted their Q3 2016 earnings per share (EPS) estimates for shares of Time Warner in a report released on Thursday. Barrington Research analyst J. Goss now expects that the brokerage will post earnings per share of $1.33 for the quarter, up from their prior forecast of $1.32. Barrington Research also issued estimates for Time Warner’s Q4 2016 earnings at $1.29 EPS.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The company earned $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business’s revenue was down 5.4% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the stock. Bank of America Corp. reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, July 12th. Albert Fried & Company reissued a “buy” rating and issued a $90.00 target price on shares of Time Warner in a research report on Wednesday, August 3rd. Jefferies Group boosted their target price on shares of Time Warner from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Brean Capital reissued a “buy” rating on shares of Time Warner in a research report on Tuesday, July 26th. Finally, MKM Partners reissued a “buy” rating on shares of Time Warner in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.17.
Time Warner (NYSE:TWX) opened at 79.32 on Monday. The firm has a market cap of $61.70 billion, a PE ratio of 15.78 and a beta of 1.21. The stock has a 50 day moving average of $78.42 and a 200-day moving average of $75.79. Time Warner has a 52 week low of $55.53 and a 52 week high of $81.33.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Monday, August 29th. Time Warner’s dividend payout ratio is 32.01%.
In related news, EVP Paul T. Cappuccio sold 56,595 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the completion of the transaction, the executive vice president now owns 157,877 shares in the company, valued at $12,352,296.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Karen Magee sold 14,240 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the transaction, the insider now owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Baker Ellis Asset Management LLC bought a new position in Time Warner during the first quarter valued at $109,000. RidgeWorth Capital Management LLC raised its position in Time Warner by 35.9% in the second quarter. RidgeWorth Capital Management LLC now owns 1,502 shares of the media conglomerate’s stock valued at $112,000 after buying an additional 397 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Time Warner by 205.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,553 shares of the media conglomerate’s stock valued at $114,000 after buying an additional 1,044 shares during the last quarter. City Holding Co. raised its position in Time Warner by 2.3% in the second quarter. City Holding Co. now owns 1,592 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 36 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in Time Warner by 34.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,636 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 418 shares during the last quarter. Institutional investors own 80.68% of the company’s stock.
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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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