News headlines about Time (NYSE:TIME) have been trending positive on Saturday, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Time earned a media sentiment score of 0.46 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 69 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Alpha One Sentiment’s analysis:
Several research analysts recently issued reports on TIME shares. Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Stephens raised Time from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 20th. Finally, Wells Fargo & Co lowered Time from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Time currently has a consensus rating of “Hold” and a consensus target price of $15.67.
Shares of Time (NYSE:TIME) traded up 0.33% on Friday, hitting $15.05. The stock had a trading volume of 1,149,060 shares. The stock has a 50 day moving average price of $18.24 and a 200-day moving average price of $17.27. Time has a 12-month low of $12.50 and a 12-month high of $20.40. The company’s market cap is $1.49 billion.
Time (NYSE:TIME) last announced its quarterly earnings results on Thursday, February 16th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.03. Time had a negative net margin of 2.82% and a positive return on equity of 6.31%. The company earned $867 million during the quarter, compared to analyst estimates of $872.73 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts expect that Time will post $1.24 earnings per share for the current year.
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.