Q1 2017 Earnings Forecast for Time Warner Inc. Issued By CLSA (TWX)

Q1 2017 Earnings Forecast for Time Warner Inc. Issued By CLSA (TWX)

Time Warner Inc. (NYSE:TWX) – Research analysts at CLSA issued their Q1 2017 earnings per share estimates for Time Warner in a report released on Wednesday. CLSA analyst V. Karasyov anticipates that the firm will earn $1.44 per share for the quarter. CLSA also issued estimates for Time Warner’s FY2017 earnings at $6.00 EPS and FY2019 earnings at $6.99 EPS.

A number of other brokerages also recently issued reports on TWX. Wedbush raised shares of Time Warner from a “neutral” rating to an “outperform” rating in a research report on Tuesday, October 25th. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $107.50 in a research report on Monday, October 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $108.00 target price on shares of Time Warner in a research report on Friday, November 4th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $107.50 target price on shares of Time Warner in a research report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $96.94.

Time Warner (NYSE:TWX) opened at 96.37 on Friday. The company’s 50 day moving average is $95.80 and its 200-day moving average is $86.55. Time Warner has a 52-week low of $60.95 and a 52-week high of $97.35. The company has a market capitalization of $74.31 billion, a price-to-earnings ratio of 17.14 and a beta of 1.09.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, February 8th. The media conglomerate reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.06. Time Warner had a net margin of 13.39% and a return on equity of 19.29%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.71 billion. During the same period last year, the firm earned $1.06 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in TWX. UBS Asset Management Americas Inc. increased its stake in Time Warner by 10.8% in the third quarter. UBS Asset Management Americas Inc. now owns 3,028,720 shares of the media conglomerate’s stock valued at $241,117,000 after buying an additional 294,507 shares during the period. Girard Partners LTD. increased its stake in Time Warner by 39.0% in the third quarter. Girard Partners LTD. now owns 10,405 shares of the media conglomerate’s stock valued at $828,000 after buying an additional 2,918 shares during the period. Courier Capital Corp increased its stake in Time Warner by 0.8% in the second quarter. Courier Capital Corp now owns 6,291 shares of the media conglomerate’s stock valued at $463,000 after buying an additional 50 shares during the period. Badgley Phelps & Bell Inc. increased its stake in Time Warner by 1.5% in the second quarter. Badgley Phelps & Bell Inc. now owns 99,455 shares of the media conglomerate’s stock valued at $7,314,000 after buying an additional 1,495 shares during the period. Finally, Ngam Advisors L.P. increased its stake in Time Warner by 25.3% in the second quarter. Ngam Advisors L.P. now owns 152,357 shares of the media conglomerate’s stock valued at $11,204,000 after buying an additional 30,770 shares during the period. Institutional investors and hedge funds own 80.68% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.4025 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $1.61 annualized dividend and a dividend yield of 1.67%. Time Warner’s dividend payout ratio (DPR) is 32.59%.

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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.

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