Time Warner Inc (TWX) Expected to Announce Earnings of $1.76 Per Share

Equities research analysts expect that Time Warner Inc (NYSE:TWX) will announce earnings of $1.76 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Time Warner’s earnings. The lowest EPS estimate is $1.67 and the highest is $1.89. Time Warner posted earnings per share of $1.66 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The business is expected to issue its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Time Warner will report full-year earnings of $7.67 per share for the current financial year, with EPS estimates ranging from $7.08 to $8.28. For the next year, analysts anticipate that the company will report earnings of $8.09 per share, with EPS estimates ranging from $7.50 to $8.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Time Warner.

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Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The firm had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis.

Several analysts recently commented on TWX shares. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Pivotal Research reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Barclays set a $100.00 price objective on Time Warner and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Finally, Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and an average price target of $104.61.

In other Time Warner news, Director William P. Barr sold 4,019 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the sale, the director now owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Viking Global Investors LP purchased a new position in shares of Time Warner in the fourth quarter valued at about $420,390,000. Canyon Capital Advisors LLC lifted its position in shares of Time Warner by 60.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after acquiring an additional 3,398,928 shares in the last quarter. Abrams Capital Management L.P. purchased a new position in shares of Time Warner in the fourth quarter valued at about $272,639,000. Cowen Inc. lifted its position in shares of Time Warner by 833.4% in the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after acquiring an additional 2,300,205 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Time Warner by 57.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock valued at $494,586,000 after acquiring an additional 1,962,423 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TWX opened at $94.58 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. Time Warner has a one year low of $85.88 and a one year high of $103.90. The firm has a market capitalization of $73,758.36, a P/E ratio of 14.73, a PEG ratio of 1.47 and a beta of 0.93.

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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.

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

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