Time (TIME) Receives Daily Media Sentiment Score of 0.24
Media coverage about Time (NYSE:TIME) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Time earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4502345800123 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- WWE Story Time Update For Monday, Roman Reigns Wraps Tour (Video), Xavier Woods And AJ Styles Film (wrestlinginc.com)
- Time Inc.’s The Foundry and Coors Light Join Forces to Bring … – Business Wire (press release) (businesswire.com)
- Time Inc.’s The Foundry and Coors Light Join Forces to Bring Immersive College Football Experiences to Fans via LIFE VR (finance.yahoo.com)
- Go Long Tesla Inc (TSLA) Stock, Even Near All-Time Highs (investorplace.com)
- Time Names Digital Editor as New Editor In Chief (finance.yahoo.com)
A number of brokerages have issued reports on TIME. BidaskClub downgraded Time from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Time from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Macquarie downgraded Time from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Thursday, June 15th. Finally, ValuEngine raised Time from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Time has an average rating of “Hold” and an average price target of $15.40.
Shares of Time (TIME) traded down 1.51% on Friday, reaching $13.05. The company’s stock had a trading volume of 1,299,890 shares. The company’s market capitalization is $1.30 billion. Time has a 1-year low of $11.65 and a 1-year high of $20.40. The stock has a 50-day moving average price of $13.19 and a 200-day moving average price of $15.09.
Time (NYSE:TIME) last announced its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The company had revenue of $694.00 million during the quarter, compared to analysts’ expectations of $698.66 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Time will post $1.10 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.04 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.16 annualized dividend and a dividend yield of 1.23%. Time’s dividend payout ratio (DPR) is currently -12.31%.
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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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