Time (TIME) Receiving Somewhat Favorable News Coverage, Report Shows

Headlines about Time (NYSE:TIME) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Time earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0333300868733 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

TIME has been the topic of a number of recent analyst reports. Zacks Investment Research raised Time from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Friday, January 5th. BidaskClub raised Time from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. ValuEngine raised Time from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Gabelli downgraded Time from a “buy” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Tuesday, November 28th. Finally, Citigroup downgraded Time from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.17.

Time (NYSE:TIME) opened at $18.50 on Friday. The firm has a market capitalization of $1,838.02, a P/E ratio of -616.46, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. Time has a 12-month low of $9.90 and a 12-month high of $19.70.

Time (NYSE:TIME) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Time had a positive return on equity of 7.53% and a negative net margin of 0.10%. The firm had revenue of $679.00 million for the quarter, compared to the consensus estimate of $693.65 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. equities analysts forecast that Time will post 1.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, November 29th. Time’s payout ratio is -533.16%.

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About Time

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

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