News coverage about Time Warner (NYSE:TWX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Time Warner earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the media conglomerate an impact score of 45.3842863031697 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Guggenheim Reiterates “Buy” Rating for Time Warner (TWX) (americanbankingnews.com)
- Box Office: ‘Jumanji’ Is A Game-Changing, $500M+ Global Smash (finance.yahoo.com)
- Box Office: ‘Greatest Showman’ Continues To Be Where Audiences Wanna Go (finance.yahoo.com)
- Golden Globes: It’s not who wins but who will say what (finance.yahoo.com)
- Box Office: ‘Star Wars: The Last Jedi’ Falls 65%, ‘Jumanji’ To Win Weekend (finance.yahoo.com)
Several equities research analysts recently issued reports on TWX shares. Royal Bank of Canada reiterated a “hold” rating and set a $102.00 price target on shares of Time Warner in a report on Friday, October 27th. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating in a report on Saturday. B. Riley reiterated a “hold” rating and set a $101.00 price target on shares of Time Warner in a report on Tuesday, November 21st. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a report on Wednesday, September 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. Twenty-one research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $104.88.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. equities research analysts forecast that Time Warner will post 6.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.4025 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.72%. Time Warner’s dividend payout ratio is presently 30.73%.
In other news, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’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 transaction, the chief executive officer now directly owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
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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