Time Warner Inc. (NYSE:TWX) – Equities researchers at Barrington Research lowered their Q4 2017 earnings per share estimates for shares of Time Warner in a research report issued on Friday. Barrington Research analyst J. Goss now forecasts that the media conglomerate will post earnings of $1.37 per share for the quarter, down from their prior estimate of $1.49. Barrington Research also issued estimates for Time Warner’s Q2 2018 earnings at $1.36 EPS, Q3 2018 earnings at $1.90 EPS, Q4 2018 earnings at $1.50 EPS and FY2019 earnings at $7.05 EPS.
Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.com-unik.info/2017/10/31/time-warner-inc-expected-to-post-q4-2017-earnings-of-1-37-per-share-twx.html.
TWX has been the subject of a number of other research reports. Cowen and Company reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research report on Thursday, October 12th. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Thursday, August 3rd. Credit Suisse Group lowered Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $105.05.
Shares of Time Warner (NYSE:TWX) opened at 98.27 on Monday. The stock has a 50 day moving average of $101.82 and a 200 day moving average of $100.56. The company has a market cap of $76.43 billion, a price-to-earnings ratio of 18.23 and a beta of 1.02. Time Warner has a 1-year low of $85.22 and a 1-year high of $103.90.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.4025 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.63%. Time Warner’s dividend payout ratio (DPR) is 30.73%.
Institutional investors and hedge funds have recently modified their holdings of the company. Jacobi Capital Management LLC raised its holdings in shares of Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares in the last quarter. Bellwether Investment Group LLC raised its holdings in shares of Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after acquiring an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Time Warner by 4.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after acquiring an additional 44 shares in the last quarter. Harfst & Associates Inc. raised its holdings in Time Warner by 31.6% during the 2nd 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 purchased a new stake in Time Warner during the 2nd quarter valued at $127,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.
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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