Time Warner Inc. (NYSE:TWX) – Analysts at Jefferies Group boosted their FY2016 EPS estimates for Time Warner in a note issued to investors on Monday. Jefferies Group analyst J. Janedis now anticipates that the brokerage will post earnings per share of $5.46 for the year, up from their previous forecast of $5.45. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Time Warner’s Q1 2017 earnings at $1.46 EPS.
Other equities analysts also recently issued research reports about the stock. Bank of America Corp. restated a “hold” rating on shares of Time Warner in a research note on Tuesday, July 12th. Albert Fried & Company reiterated a “buy” rating and set a $90.00 target price on shares of Time Warner in a research note on Wednesday, August 3rd. Brean Capital reiterated a “buy” rating on shares of Time Warner in a research note on Tuesday, July 26th. MKM Partners reiterated a “buy” rating on shares of Time Warner in a research note on Monday, July 18th. Finally, Wunderlich lowered their target price on shares of Time Warner from $106.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. One 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. Time Warner has a consensus rating of “Buy” and an average price target of $86.11.
Time Warner (NYSE:TWX) traded down 0.825% during trading on Tuesday, hitting $78.705. The company’s stock had a trading volume of 1,107,465 shares. Time Warner has a one year low of $55.53 and a one year high of $81.33. The firm has a market cap of $61.22 billion, a PE ratio of 15.660 and a beta of 1.21. The company has a 50-day moving average of $78.19 and a 200 day moving average of $76.08.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.13. The business earned $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS.
A number of institutional investors have recently bought and sold shares of the company. RidgeWorth Capital Management LLC increased its position in Time Warner by 35.9% in the second quarter. RidgeWorth Capital Management LLC now owns 1,502 shares of the media conglomerate’s stock worth $112,000 after buying an additional 397 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Time Warner by 205.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,553 shares of the media conglomerate’s stock worth $114,000 after buying an additional 1,044 shares in the last quarter. City Holding Co. increased its position in shares of Time Warner by 2.3% in the second quarter. City Holding Co. now owns 1,592 shares of the media conglomerate’s stock worth $117,000 after buying an additional 36 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Time Warner by 34.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,636 shares of the media conglomerate’s stock worth $120,000 after buying an additional 418 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Time Warner by 29.4% in the second quarter. Assetmark Inc. now owns 1,678 shares of the media conglomerate’s stock worth $123,000 after buying an additional 381 shares in the last quarter. 80.67% of the stock is currently owned by institutional investors.
Read full story at http://www.thecerbatgem.com/2016/10/11/time-warner-inc-to-post-fy2016-earnings-of-5-46-per-share-jefferies-group-forecasts-twx.html
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