Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $65.00 price target on the stock, up previously from $48.00. Separately, analysts at B. Riley Caris upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $65.00 price target on the stock, up previously from $48.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Time Warner from $58.00 to $63.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Nineteen analysts have rated the stock with a buy rating, two have assigned an overweight rating, and nine have given a hold rating to the stock. The stock currently has an average rating of “overweight” and an average target price of $58.67.
Shares of Time Warner traded up 1.55% during mid-day trading on Thursday, hitting $56.32. Time Warner has a 52 week low of $33.62 and a 52 week high of $56.07. The stock’s 50-day moving average is currently $51.93. The company has a market cap of $52.647 billion and a P/E ratio of 17.95.
Time Warner last released its earnings data on Wednesday, February 6th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.07. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Time Warner will post $3.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.15 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, February 26th. This is a boost from Time Warner’s previous quarterly dividend of $0.26.
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three reporting segments: Networks, Filmed Entertainment and Publishing.
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