Q3 2018 EPS Estimates for Time Warner Inc. Boosted by Analyst (TWX)

Time Warner Inc. (NYSE:TWX) – Analysts at KeyCorp upped their Q3 2018 earnings per share (EPS) estimates for Time Warner in a research report issued on Sunday. KeyCorp analyst A. Hargreaves now anticipates that the media conglomerate will post earnings per share of $1.86 for the quarter, up from their prior estimate of $1.85. KeyCorp currently has a “Hold” rating on the stock.

Other equities analysts also recently issued research reports about the company. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $95.00 to $107.00 in a research note on Friday, August 4th. upgraded Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the company from $102.00 to $103.00 in a research note on Wednesday. Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research note on Monday, August 7th. BMO Capital Markets reiterated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, September 13th. Finally, BidaskClub downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Twenty-two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $103.68.

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Time Warner (NYSE:TWX) traded down $0.14 during trading on Tuesday, reaching $87.37. The company had a trading volume of 13,526,100 shares, compared to its average volume of 4,597,704. Time Warner has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $68,850.00, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the 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 the consensus estimate of $7.40 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. Time Warner’s revenue for the quarter was up 6.0% on a year-over-year basis.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stillwater Investment Management LLC increased its stake in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after acquiring an additional 9 shares during the last quarter. Park National Corp OH increased its stake in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after acquiring an additional 14 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the last quarter. Aureus Asset Management LLC increased its stake in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after acquiring an additional 25 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after acquiring an additional 26 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.84%. Time Warner’s dividend payout ratio is presently 30.61%.

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.

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

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