Time Warner Inc (NYSE:TWX) – Equities research analysts at Jefferies Group reduced their FY2017 EPS estimates for shares of Time Warner in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the media conglomerate will post earnings of $6.29 per share for the year, down from their prior estimate of $6.30. Jefferies Group has a “Hold” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2018 earnings at $1.74 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.94 EPS and Q4 2018 earnings at $1.55 EPS.
A number of other brokerages have also recently commented on TWX. Royal Bank of Canada reissued a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research note on Friday, October 27th. Zacks Investment Research raised shares of Time Warner from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. B. Riley reissued a “hold” rating and issued a $101.00 price objective on shares of Time Warner in a research note on Tuesday, November 21st. KeyCorp reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. Finally, Pivotal Research reissued a “buy” rating and issued a $108.00 price objective (up from $103.00) on shares of Time Warner in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $105.13.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period last year, the company posted $1.83 EPS. The business’s revenue was up 6.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.4025 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. Time Warner’s dividend payout ratio is presently 30.61%.
In related news, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC boosted its position in Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after buying an additional 400 shares during the period. Jacobi Capital Management LLC boosted its position in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in Time Warner in the 3rd quarter valued at about $102,000. Americafirst Capital Management LLC purchased a new stake in Time Warner in the 3rd quarter valued at about $106,000. Finally, Zions Bancorporation boosted its position in Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 999 shares during the period. 77.82% of the stock is owned by institutional investors.
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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