Company Update: Time Warner Inc (NYSE:TWX) – Charter Communications Mulls Sweeter Bid for Time Warner Cable: Reuters

Time Warner Inc (NYSE:TWX) [at 24/7 Wall St.] – Seeing how its initial bid of $132.50 per share ($37.3 billion) for Time Warner Cable produced an immediate rejection, cable operator Charter Communications is reported to be considering sweetening its …
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Time Warner Inc. (TWX), valued at $56.03B, started trading this morning at $62.83.
Looking at today’s trading action, the company’s one day range from $61.92 to $62.89 with the price of the stock fluctuating between $49.90 to $70.77 over the last 52 weeks.
TWX shares are currently priced at 16.75x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.18x earnings multiple.
And for passive income investors, the company pays shareholders $1.15 per share annually in dividends, yielding 1.80%.
Consensus earnings for the current quarter by the 31 sell-side analysts covering the stock is an estimate of $1.15 per share, which would be $0.02 worse than the year-ago quarter and a $0.11 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.75 would be a $0.47 better when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.39 Billion. If reported, that would be a 2.82% increase over the year-ago quarter.
Recently, FBR Capital Initiated TWX at Outperform (Oct 25, 2013). Previously, Argus upgraded TWX from Hold to Buy.
When considering if the stock is under or overvalued, the average price target is $74.84, which is 19.12% above where the stock opened this morning.
Time Warner Inc (NYSE:TWX), operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment and Publishing.
Tag Helper ~ Stock Code: TWX | Common Company name: Time Warner | Full Company name: Time Warner Inc (NYSE:TWX) .

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