Time Warner Inc. (TWX) Announces Earnings Results

Lynne Hanson
October 27, 2017

The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/26/time-warner-inc-twx-announces-earnings-results.html. Shell Asset stated it has 0.26% of its portfolio in Time Warner Inc (NYSE:TWX). The firm owned 19,037 shares of the media conglomerate's stock after purchasing an additional 17,450 shares during the quarter.

Total shares held by institutions as of the most recent company filings are 582,738,386 with a reported 42,788,860 bought and 58,066,153 sold. Bank of Montreal Can acquired a new position in Time Warner during the second quarter valued at approximately $41,813,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Time Warner by 4.0% during the 2nd quarter.

Its Home Box Office arm grew subscription revenues by 12% from a year earlier, which was the highest quarterly growth the TV programs maker had seen in 13 years. It also reduced its holding in Scripps Networks Interact In (NYSE:SNI) by 59,100 shares in the quarter, leaving it with 4,000 shares, and cut its stake in Paypal Hldgs Inc. Pacific Crest downgraded the stock to "Sector Weight" rating in Monday, May 2 report.

Among 38 analysts covering Time Warner Inc.

Time Warner Inc. (TWX)'s distance from 200 day simple moving average is -0.74 percent, its distance from 50 day simple moving average is -3.13 percent, while its distance from 20 day simple moving average is -3.51 percent. Time Warner makes up approximately 0.8% of Archford Capital Strategies LLC's portfolio, making the stock its 29th biggest holding.

This particular stock's 5-day moving average is 100.92, its 20-day moving average is 102.13 and its 100-day moving average is 101.18. The firm has a market cap of $77.16 billion, a PE ratio of 18.405 and a beta of 1.02.

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Time Warner Inc. was covered by a number of analysts recently, 3 rated the stock as Buy, 2 rated Outperform, 23 rated Hold, 1 gave an Underperform and 0 rated sell. Comparatively, Time Warner Inc. posted earnings of $1.48 per share in the same quarter a year ago.

Wall Street analysts, on average, are forecasting the company's EPS to be 1.59, compared to 1.83 reported in the same quarter past year. Wall Street expected revenues of $7.39 billion for the quarter.

New Jersey Better Educational Savings Trust increased its stake in Time Warner Inc (TWX) by 40% based on its latest 2017Q2 regulatory filing with the SEC. Time Warner's revenue for the quarter was down 5.4% compared to the same quarter a year ago.

Adjusted income from continuing operations was $1.82 per share, compared to $1.83 per share in the prior-year period. On average, equities research analysts expect that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. 10,000 shares were sold by Krell Elizabeth D, worth $214,400 on Tuesday, May 16. This represents a $1.61 annualized dividend and a yield of 1.63%. The stock has "Sector Performer" rating by IBC on Friday, October 9. The Return on Investment (ROI) ratio of Time Warner Inc. Pivotal Research downgraded the shares of TWX in report on Monday, October 24 to "Hold" rating. Sanford C. Bernstein reissued a "market perform" rating on shares of Time Warner in a report on Tuesday, September 12th. BidaskClub lowered Time Warner from a "buy" rating to a "hold" rating in a research report on Wednesday, July 19th.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The mean target price as estimated by the analysts for the company has been recorded at $105.75.

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