[Business Wire] – Time Warner Inc. and Time Inc. today announced that, in connection with Time Warner Inc.’s previously announced intention to separate Time Inc. from Time Warner Inc., Time Inc.
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Time Warner Inc. (TWX), currently valued at $57.52B, opened this morning at $64.70.
Looking at today’s trading action, the company’s one day range from $63.96 to $64.87 with a one year range of $55.71 to $70.77.
TWX shares are currently priced at 16.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.98x earnings multiple.
The company pays shareholders $1.27 per share annually in dividends, yielding 1.90%.
According to a consensus of 24 analysts, the earnings estimate of $0.88 per share would be $0.12 better than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.92 would be a $0.15 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.58 Billion. If reported, that would be a 5.19% decrease over the year-ago quarter.
More recently, FBR Capital Initiated TWX at Outperform (Oct 25, 2013). Previously, Argus upgraded TWX from Hold to Buy.
The average price target for TWX shares is $74.56, which is 15.24% above where the stock opened this morning.
Summary (NYSE:TWX) : Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in four segments: Turner, Home Box Office, Warner Bros., and Time Inc. The Turner segment operates cable networks; digital media properties; free-to-air networks; and entertainment and news networks that offer sports, movies, classic films, reality programming, and news, as well as produces its own programs and acquires rights from third-parties to air programs on its networks. This segment serves cable system operators, satellite service distributors, telephone companies, Internet protocol television system operators, mobile device operators, broadcasters, and other distributors. The Home Box Office segment provides premium pay and basic tier television services comprising HBO and Cinemax; and sells its original programming via DVDs, Blu-ray Discs, and electronic sell-through, as well as licenses its original programming primarily to international television networks. As of December 31, 2013, this segment had approximately 127 million subscribers worldwide. The Warner Bros. segment produces and distributes feature films, television programming, videogames, and other programming; distribute home video products; and licenses rights to its feature films, television programming, and characters. The Time Inc. segment publishes magazines, including People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, and Fortune, as well as titles and books; licenses its magazines for print or digital publication to publishers; operates Websites, such as People.com, SI.com, and Time.com.; and offers content marketing, targeted local print and digital advertising programs, and marketing and support services. Time Warner Inc. was founded in 1985 and is headquartered in New York, New York.
Tag Helper ~ Stock Code: TWX | Common Company name: Time Warner | Full Company name: Time Warner Inc (NYSE:TWX) .