Time Warner Revenues Up on Subs Boost, Box-Office Intake

Randall Craig
October 27, 2017

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock.

York Capital Management Global Advisors Llc increased Time Warner Inc (TWX) stake by 65.54% reported in 2017Q2 SEC filing.

Home Box Office revenues increased 13 percent to $1.61 billion, due to increases of 12 percent in subscription revenues and 14 percent in content and other revenues. BB&T Securities LLC now owns 478,589 shares of the media conglomerate's stock valued at $34,721,000 after buying an additional 400,711 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Time Warner by 4.0% during the 2nd quarter. Bellwether Investment Group LLC raised its holdings in Time Warner by 15.6% during the 1st quarter.

TWX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Time Warner from a "hold" rating to a "sell" rating in a report on Tuesday, October 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Time Warner in a research report on Thursday, July 6th. (NASDAQ:TWX), 3 rate it "Buy", 2 "Outperform", 23 "Underperform", 1 "Sell", while 0 "Hold". On Monday, October 16 the stock rating was downgraded by FBR Capital to "Hold". (NYSE:TWX) traded up 0.32% during midday trading on Thursday, reaching $99.04.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The relative volume of the stock is 2.41, while its market cap is $77.06 Billion. In looking the SMA 50 we see that the stock has seen a -8.95% while it has a distance of 0.62% from the 200 days simple moving average.

Warner Bros. revenues rose 2 percent to $3.46 billion, reflecting higher theatrical and videogames revenues partially offset by lower television revenues.

Time Warner, preparing to be acquired by AT&T, reported gains at all of its operating units but reported lower third-quarter profits because of a tax gain 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 a year ago.

2 wireless carrier which already owns satellite television service DirecTV, is in the process of buying Time Warner Inc for $85.4 billion in an effort to turn itself into a media powerhouse that can bundle mobile service with video. The firm had revenue of $7.60 billion for the quarter, compared to analysts' expectations of $7.40 billion.

Having a look at a company's recent Earnings per Share (EPS) performance is a useful way of understanding its profitability. The company had a tax benefit worth 28 cents per share a year ago. During the same quarter in the previous year, the business posted $1.83 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, August 31st were issued a $0.4025 dividend. The stock has "Sector Performer" rating by IBC on Friday, October 9. Time Warner's dividend payout ratio (DPR) is presently 29.98%.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. Schwab Charles Mngmt has invested 0.26% in Time Warner Inc (NYSE:TWX). The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and worldwide premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.

Other reports by Ligue1talk

Discuss This Article