Time Warner (NYSE:TWX) has been given an average rating of “Hold” by the twenty-seven analysts that are presently covering the company, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $104.44.
Several brokerages have commented on TWX. Barrington Research restated a “buy” rating on shares of Time Warner in a research report on Tuesday, April 17th. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and lowered their price objective for the company from $108.00 to $105.00 in a research report on Tuesday, April 17th. Loop Capital began coverage on shares of Time Warner in a research report on Thursday, March 15th. They set a “buy” rating and a $107.50 price objective for the company. Barclays boosted their price objective on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Wells Fargo restated a “market perform” rating and set a $98.00 price objective (up from $84.00) on shares of Time Warner in a research report on Thursday, January 4th.
In other news, Director William P. Barr sold 4,019 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the transaction, the director now directly owns 44,959 shares in the company, valued at $4,370,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.
NYSE TWX opened at $96.24 on Thursday. 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 1-year low of $85.88 and a 1-year high of $103.90. The company has a market capitalization of $75,052.95, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts anticipate that Time Warner will post 7.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a dividend of $0.4025 per share. The ex-dividend date is Monday, April 9th. This is an increase from Time Warner’s previous quarterly dividend of $0.32. This represents a $1.61 annualized dividend and a dividend yield of 1.67%. Time Warner’s dividend payout ratio is 25.08%.
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About Time Warner
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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