Equities research analysts expect that Time Warner (NYSE:TWX) will announce earnings per share (EPS) of $1.58 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Time Warner’s earnings, with estimates ranging from $1.49 to $1.75. Time Warner posted earnings of $1.33 per share during the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The firm is expected to announce its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Time Warner will report full year earnings of $8.09 per share for the current financial year, with EPS estimates ranging from $7.41 to $8.42. For the next financial year, analysts expect that the business will report earnings of $8.11 per share, with EPS estimates ranging from $7.52 to $8.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Time Warner.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.54. The firm had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS.
A number of equities analysts recently issued reports on the stock. Barrington Research reiterated a “buy” rating and issued a $110.00 price target on shares of Time Warner in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Barclays reiterated a “hold” rating and issued a $98.00 price target on shares of Time Warner in a research note on Monday, April 30th. Pivotal Research dropped their price target on shares of Time Warner from $105.00 to $101.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. Finally, Loop Capital assumed coverage on shares of Time Warner in a research note on Thursday, March 15th. They issued a “buy” rating and a $107.50 price target on the stock. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Time Warner has an average rating of “Hold” and an average target price of $104.19.
A number of institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. increased its holdings in Time Warner by 15.5% in the 1st quarter. Suntrust Banks Inc. now owns 29,032 shares of the media conglomerate’s stock worth $2,745,000 after acquiring an additional 3,897 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in Time Warner by 36.4% in the 1st quarter. Summit Trail Advisors LLC now owns 4,478 shares of the media conglomerate’s stock worth $414,000 after acquiring an additional 1,195 shares in the last quarter. Burren Capital Advisors Ltd boosted its stake in Time Warner by 3.8% in the 1st quarter. Burren Capital Advisors Ltd now owns 30,800 shares of the media conglomerate’s stock worth $2,913,000 after purchasing an additional 1,120 shares during the period. WINTON GROUP Ltd boosted its stake in Time Warner by 11.6% in the 1st quarter. WINTON GROUP Ltd now owns 9,915 shares of the media conglomerate’s stock worth $938,000 after purchasing an additional 1,033 shares during the period. Finally, Cypress Capital Group boosted its stake in Time Warner by 15.2% in the 1st quarter. Cypress Capital Group now owns 7,595 shares of the media conglomerate’s stock worth $718,000 after purchasing an additional 1,000 shares during the period. 78.99% of the stock is owned by institutional investors.
Time Warner stock traded down $0.09 during mid-day trading on Friday, reaching $94.17. The stock had a trading volume of 2,464,244 shares, compared to its average volume of 5,254,980. The stock has a market cap of $73.74 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.76 and a beta of 0.87. Time Warner has a one year low of $85.88 and a one year high of $103.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 1.01.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Monday, April 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.71%. This is a positive change from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio is presently 25.08%.
Time Warner Company Profile
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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