Equities research analysts predict that Time Warner Inc (NYSE:TWX) will post sales of $7.95 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Time Warner’s earnings, with estimates ranging from $7.73 billion to $8.27 billion. Time Warner posted sales of $7.74 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The business is expected to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Time Warner will report full year sales of $7.95 billion for the current year, with estimates ranging from $32.00 billion to $33.19 billion. For the next fiscal year, analysts expect that the company will post sales of $33.86 billion per share, with estimates ranging from $32.65 billion to $34.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Time Warner.
Time Warner (NYSE:TWX) last posted its quarterly earnings data 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 quarter in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis.
Several analysts have issued reports on TWX shares. Barclays boosted their target price on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Pivotal Research restated a “buy” rating and issued a $108.00 target price on shares of Time Warner in a research note on Thursday, February 1st. ValuEngine lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, February 6th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $98.00 target price (up from $84.00) on shares of Time Warner in a research note on Thursday, January 4th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and a consensus price target of $104.36.
In related news, Director William P. Barr sold 4,019 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the sale, the director now directly owns 44,959 shares in the company, valued at approximately $4,370,014.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 360,966 shares of company stock worth $32,745,250. 0.16% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in TWX. Northwestern Mutual Wealth Management Co. grew its position in Time Warner by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after buying an additional 544 shares in the last quarter. Fragasso Group Inc. grew its position in Time Warner by 4.5% during the third quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock worth $1,363,000 after buying an additional 573 shares in the last quarter. Summit X LLC grew its position in Time Warner by 23.5% during the fourth quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock worth $278,000 after buying an additional 575 shares in the last quarter. Fisher Asset Management LLC grew its position in Time Warner by 6.2% during the third quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock worth $1,106,000 after buying an additional 626 shares in the last quarter. Finally, HL Financial Services LLC grew its position in Time Warner by 18.6% during the fourth quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock worth $366,000 after buying an additional 628 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.
Time Warner (TWX) traded down $0.96 during mid-day trading on Friday, reaching $94.32. The company’s stock had a trading volume of 3,616,810 shares, compared to its average volume of 5,070,000. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. Time Warner has a twelve month low of $85.88 and a twelve month high of $103.90. The stock has a market capitalization of $73,440.00, a PE ratio of 17.18, a P/E/G ratio of 1.27 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.71%. Time Warner’s payout ratio is 29.33%.
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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