News headlines about Time (NYSE:TIME) have trended positive this week, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Time earned a media sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 44 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected AlphaOne’s analysis:
- Time Inc to cut 300 positions through layoffs and buyouts (cnbc.com)
- Time Inc. adds to its distributed video strategy with a beauty brand, The Pretty (digiday.com)
- Time Inc.’s beauty vertical launches with sponsors L’Oréal Paris, Maybelline New York (marketingdive.com)
- Time Inc. may be looking to sell titles amid layoff plans (nypost.com)
- Time Inc. cuts 300 jobs in restructuring plan (usatoday.com)
Time (NYSE TIME) traded up 0.74% on Friday, reaching $13.55. 1,877,075 shares of the company’s stock traded hands. The firm’s market cap is $1.35 billion. Time has a 52-week low of $11.65 and a 52-week high of $20.40. The stock’s 50 day moving average is $13.37 and its 200 day moving average is $17.20.
Time (NYSE:TIME) last posted its quarterly earnings data on Wednesday, May 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.03. The company had revenue of $636 million during the quarter, compared to the consensus estimate of $641.85 million. Time had a negative net margin of 2.18% and a positive return on equity of 7.30%. Time’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) earnings per share. On average, equities research analysts predict that Time will post $1.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, May 26th. Time’s payout ratio is -23.53%.
Several research firms have weighed in on TIME. Macquarie lowered shares of Time from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Thursday. BidaskClub upgraded shares of Time from a “strong sell” rating to a “sell” rating in a research note on Friday, June 9th. ValuEngine lowered shares of Time from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Time from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. Finally, Wells Fargo & Company lowered shares of Time from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.33.
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In related news, Director Dennis J. Fitzsimons acquired 3,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $11.99 per share, with a total value of $35,970.00. Following the purchase, the director now directly owns 30,674 shares of the company’s stock, valued at $367,781.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald S. Rolfe acquired 2,000 shares of the stock in a transaction dated Monday, May 15th. The stock was bought at an average cost of $12.85 per share, with a total value of $25,700.00. Following the completion of the purchase, the director now directly owns 32,147 shares in the company, valued at $413,088.95. The disclosure for this purchase can be found here. Insiders bought a total of 6,000 shares of company stock valued at $74,600 over the last ninety days. Corporate insiders own 1.92% of the company’s stock.
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.
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