Time Warner Inc. (NYSE:TWX) will be issuing its Q216 quarterly earnings data on Wednesday, August 3rd. Analysts expect the company to announce earnings of $1.18 per share and revenue of $7.12 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Shares of Time Warner Inc. (NYSE:TWX) opened at 76.74 on Tuesday. The firm has a market capitalization of $60.35 billion and a PE ratio of 15.40. The firm’s 50 day moving average is $75.26 and its 200-day moving average is $72.53. Time Warner Inc. has a one year low of $55.53 and a one year high of $88.14.
TWX has been the topic of several research reports. FBR & Co lowered Time Warner from an “outperform” rating to a “market perform” rating and set a $81.00 target price on the stock. in a research note on Tuesday, July 26th. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Brean Capital restated a “buy” rating on shares of Time Warner in a research note on Tuesday, July 26th. Drexel Hamilton restated a “buy” rating on shares of Time Warner in a research note on Tuesday, July 12th. Finally, Bank of America Corp. restated a “hold” rating on shares of Time Warner in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $85.10.
In other Time Warner news, CEO Jeffrey L. Bewkes sold 272,710 shares of Time Warner stock in a transaction on Monday, May 9th. The stock was sold at an average price of $74.26, for a total transaction of $20,251,444.60. Following the completion of the transaction, the chief executive officer now owns 354,823 shares in the company, valued at $26,349,155.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth J. Novack sold 8,400 shares of Time Warner stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $74.61, for a total value of $626,724.00. Following the transaction, the director now owns 9,031 shares of the company’s stock, valued at approximately $673,802.91. The disclosure for this sale can be found here.
Read full story at http://www.thecerbatgem.com/2016/08/02/time-warner-inc-twx-scheduled-to-post-quarterly-earnings-on-wednesday/
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