Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday.
Several other analysts have also recently issued reports on TWX. FBR & Co cut shares of Time Warner from an “outperform” rating to a “market perform” rating and set a $81.00 price target on the stock. in a research report on Tuesday, July 26th. Albert Fried & Company reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Time Warner in a report on Thursday, September 29th. Brean Capital reaffirmed a “buy” rating on shares of Time Warner in a report on Tuesday, July 26th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $95.00 target price (up previously from $92.00) on shares of Time Warner in a report on Thursday, August 4th. Finally, Royal Bank Of Canada raised their target price on shares of Time Warner from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $86.11.
Time Warner (NYSE:TWX) traded down 0.64% during mid-day trading on Thursday, reaching $79.40. 4,045,243 shares of the company’s stock traded hands. The stock’s 50 day moving average is $78.09 and its 200-day moving average is $76.14. The stock has a market capitalization of $61.76 billion, a PE ratio of 15.80 and a beta of 1.21. Time Warner has a 52 week low of $55.53 and a 52 week high of $81.33.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.13. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, equities analysts anticipate that Time Warner will post $5.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Monday, August 29th. Time Warner’s dividend payout ratio (DPR) is 32.01%.
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