Time Warner Inc. (NYSE:TWX) – Investment analysts at Jefferies Group raised their Q2 2017 earnings estimates for Time Warner in a note issued to investors on Thursday. Jefferies Group analyst J. Janedis now forecasts that the media conglomerate will post earnings of $1.18 per share for the quarter, up from their prior forecast of $1.16. Jefferies Group has a “Buy” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2018 earnings at $1.72 EPS and Q2 2018 earnings at $1.35 EPS.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.22. The firm had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.66 billion. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. Time Warner’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS.
Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. MKM Partners reissued a “neutral” rating and issued a $107.50 price target (up previously from $90.00) on shares of Time Warner in a report on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Monday, April 17th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $100.95.
Time Warner (TWX) opened at 99.21 on Monday. The stock has a 50 day moving average price of $99.00 and a 200 day moving average price of $97.67. The stock has a market cap of $76.94 billion, a price-to-earnings ratio of 18.93 and a beta of 1.05. Time Warner has a 52-week low of $74.27 and a 52-week high of $102.45.
Several hedge funds have recently made changes to their positions in TWX. Vanguard Group Inc. boosted its stake in shares of Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares during the period. BlackRock Inc. boosted its stake in Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares during the last quarter. State Street Corp boosted its stake 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 last quarter. Dodge & Cox bought a new stake in Time Warner during the fourth quarter worth $3,124,831,000. Finally, FMR LLC boosted its stake 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 last quarter. 79.86% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Howard M. Averill bought 255 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average cost of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares in the company, valued at $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be given a dividend of $0.4025 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.62%. Time Warner’s dividend payout ratio is currently 30.78%.
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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