Analysts Offer Predictions for Time Warner Inc.’s Q4 2016 Earnings (TWX)
Time Warner Inc. (NYSE:TWX) – Equities researchers at FBR & Co decreased their Q4 2016 earnings per share (EPS) estimates for Time Warner in a research note issued to investors on Friday. FBR & Co analyst B. Crockett now anticipates that the firm will post earnings of $1.26 per share for the quarter, down from their previous forecast of $1.27. FBR & Co has a “Market Perform” rating and a $81.00 price objective on the stock.
TWX has been the topic of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a research report on Wednesday, July 6th. Brean Capital began coverage on shares of Time Warner in a research report on Thursday, July 7th. They set a “buy” rating and a $90.00 target price on the stock. Moffett Nathanson reaffirmed a “buy” rating and set a $87.00 target price on shares of Time Warner in a research report on Thursday, July 7th. Vetr lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $84.06 target price on the stock. in a research report on Thursday, July 7th. Finally, Wells Fargo & Co. lowered shares of Time Warner to a “hold” rating in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $86.11.
Shares of Time Warner (NYSE:TWX) opened at 79.55 on Monday. Time Warner has a 12 month low of $55.53 and a 12 month high of $81.33. The company has a 50-day moving average of $78.09 and a 200 day moving average of $76.19. The company has a market capitalization of $61.88 billion, a P/E ratio of 15.83 and a beta of 1.21.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.13. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. Time Warner’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS.
A number of institutional investors have recently added to or reduced their stakes in TWX. Charter Trust Co. increased its position in Time Warner by 3.8% in the third quarter. Charter Trust Co. now owns 10,857 shares of the media conglomerate’s stock worth $865,000 after buying an additional 395 shares during the period. Pennsylvania Trust Co increased its stake in Time Warner by 3.9% in the third quarter. Pennsylvania Trust Co now owns 5,720 shares of the media conglomerate’s stock valued at $455,000 after buying an additional 213 shares during the last quarter. National Pension Service increased its stake in Time Warner by 8.7% in the third quarter. National Pension Service now owns 523,178 shares of the media conglomerate’s stock valued at $41,650,000 after buying an additional 41,733 shares during the last quarter. Private Trust Co. NA increased its stake in Time Warner by 16.0% in the third quarter. Private Trust Co. NA now owns 13,363 shares of the media conglomerate’s stock valued at $1,063,000 after buying an additional 1,848 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Time Warner during the third quarter valued at approximately $17,395,000. 80.67% of the stock is owned by hedge funds and other institutional investors.
In other Time Warner news, insider Karen Magee sold 14,240 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the completion of the transaction, the insider now owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul T. Cappuccio sold 56,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total value of $4,427,992.80. Following the transaction, the executive vice president now directly owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The disclosure for this sale can be found here. Company insiders own 0.16% 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.
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