Analysts Anticipate Time Warner Inc (TWX) Will Post Earnings of $1.78 Per Share

Brokerages predict that Time Warner Inc (NYSE:TWX) will post earnings of $1.78 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Time Warner’s earnings. The lowest EPS estimate is $1.72 and the highest is $1.89. Time Warner posted earnings of $1.66 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The business is expected to issue its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Time Warner will report full-year earnings of $6.62 per share for the current year, with EPS estimates ranging from $6.42 to $7.08. For the next fiscal year, analysts anticipate that the company will post earnings of $7.42 per share, with EPS estimates ranging from $6.56 to $8.04. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Time Warner.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The business had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year.

A number of analysts have recently weighed in on TWX shares. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Monday, November 13th. Pivotal Research raised Time Warner from a “hold” rating to a “buy” rating and raised their price objective for the stock from $102.00 to $103.00 in a report on Monday, November 13th. upgraded shares of Time Warner from a “hold” rating to a “buy” rating and increased their target price for the stock from $102.00 to $103.00 in a research note on Wednesday, November 15th. Finally, Guggenheim reiterated a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $104.68.

Time Warner (NYSE TWX) traded down $1.36 during trading hours on Monday, reaching $95.39. The company’s stock had a trading volume of 8,010,055 shares, compared to its average volume of 5,006,104. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Time Warner has a one year low of $85.88 and a one year high of $103.90. The firm has a market capitalization of $75,080.00, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.4025 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.69%. Time Warner’s dividend payout ratio is currently 29.65%.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated 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 directly owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction that occurred 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. 0.16% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its holdings in shares of Time Warner by 98.0% during the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after acquiring an additional 400 shares during the period. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Time Warner during the third quarter valued at approximately $102,000. Americafirst Capital Management LLC acquired a new stake in shares of Time Warner during the third quarter valued at approximately $106,000. Zions Bancorporation raised its holdings in shares of Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after acquiring an additional 999 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Time Warner by 1.8% during the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after acquiring an additional 26 shares during the period. 77.55% of the stock is owned by institutional investors and hedge funds.

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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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