Time Warner Inc. (NYSE:TWX) – Stock analysts at Jefferies Group increased their Q3 2016 earnings per share estimates for Time Warner in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings per share of $1.36 for the quarter, up from their prior forecast of $1.32. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Time Warner’s Q4 2016 earnings at $1.31 EPS, Q3 2017 earnings at $1.59 EPS and Q4 2017 earnings at $1.52 EPS.

Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis.

Earnings History and Estimates for Time Warner (NYSE:TWX)

Other research analysts also recently issued reports about the stock. Bank of America Corp. restated a “hold” rating on shares of Time Warner in a research report on Tuesday, July 12th. Albert Fried & Company reiterated a “buy” rating and issued a $90.00 price objective on shares of Time Warner in a research report on Wednesday, August 3rd. Brean Capital reiterated a “buy” rating on shares of Time Warner in a research report on Tuesday, July 26th. MKM Partners reiterated a “buy” rating on shares of Time Warner in a research report on Monday, July 18th. Finally, Wunderlich decreased their price objective on shares of Time Warner from $106.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.11.

Time Warner (NYSE:TWX) traded up 1.37% on Wednesday, hitting $79.65. The company’s stock had a trading volume of 1,847,465 shares. Time Warner has a 12 month low of $55.53 and a 12 month high of $81.33. The firm has a market cap of $61.96 billion, a price-to-earnings ratio of 15.85 and a beta of 1.21. The firm has a 50 day moving average of $78.14 and a 200 day moving average of $76.09.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.4025 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.61 dividend on an annualized basis and a yield of 2.05%. Time Warner’s dividend payout ratio (DPR) is presently 32.01%.

In other news, EVP Paul T. Cappuccio sold 56,595 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the sale, the executive vice president now directly owns 157,877 shares in the company, valued at approximately $12,352,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karen Magee sold 14,240 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the completion of the sale, the insider now owns 7,461 shares in the company, valued at $596,656.17. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

Several large investors have recently made changes to their positions in TWX. Private Wealth Partners LLC raised its stake in shares of Time Warner by 3.3% in the second quarter. Private Wealth Partners LLC now owns 179,300 shares of the media conglomerate’s stock worth $13,186,000 after buying an additional 5,760 shares during the last quarter. Goldentree Asset Management LP raised its stake in shares of Time Warner by 74.3% in the first quarter. Goldentree Asset Management LP now owns 501,807 shares of the media conglomerate’s stock worth $36,406,000 after buying an additional 213,850 shares during the last quarter. Shell Asset Management Co. raised its stake in shares of Time Warner by 11.6% in the second quarter. Shell Asset Management Co. now owns 149,788 shares of the media conglomerate’s stock worth $11,015,000 after buying an additional 15,539 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Time Warner by 50.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,807,086 shares of the media conglomerate’s stock worth $131,104,000 after buying an additional 603,700 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its stake in shares of Time Warner by 5.0% in the first quarter. AMP Capital Investors Ltd now owns 516,087 shares of the media conglomerate’s stock worth $37,240,000 after buying an additional 24,539 shares during the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.

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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.

5 Day Chart for NYSE:TWX

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