Time Warner Inc. (NYSE:TWX) – Analysts at Jefferies Group raised their Q3 2017 earnings estimates for Time Warner in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the media conglomerate will post earnings of $1.57 per share for the quarter, up from their previous forecast of $1.53. Jefferies Group currently has a “Hold” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Time Warner’s Q4 2017 earnings at $1.55 EPS, Q3 2018 earnings at $1.71 EPS and Q4 2018 earnings at $1.69 EPS.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the company posted $1.29 EPS. The business’s revenue was up 5.4% on a year-over-year basis.
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TWX has been the topic of a number of other research reports. Cowen and Company reiterated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a research report on Tuesday, September 26th. Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price on the stock. in a research report on Monday, August 7th. Zacks Investment Research cut Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $102.91.
Time Warner (NYSE TWX) opened at 101.45 on Thursday. The firm has a market cap of $78.91 billion, a PE ratio of 18.82 and a beta of 1.02. The stock has a 50 day moving average of $102.07 and a 200-day moving average of $100.32. Time Warner has a 52 week low of $78.80 and a 52 week high of $103.90.
A number of institutional investors and hedge funds have recently modified their holdings of TWX. Jacobi Capital Management LLC lifted its stake in Time Warner by 2.1% in the second 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. Bellwether Investment Group LLC lifted its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in Time Warner by 4.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after buying an additional 44 shares during the period. Harfst & Associates Inc. lifted its stake in Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 288 shares during the period. Finally, Captrust Financial Advisors acquired a new position in Time Warner in the second quarter valued at approximately $127,000. 79.19% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.
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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