Company Update (NYSE:TWX): Statement: Time Warner Inc. Opposes Georgia Bill That Would Encourage Discrimination

[Business Wire] – At Time Warner, diversity in all its forms is core to our value system and to the success of our business. We strongly oppose the discriminatory language and intent of Georgia’s pending religious liberty bill, which clearly violates the values and principles of inclusion and the ability of all people to live and work free from discrimination. Read more on this. Time Warner Inc. (TWX) , currently valued at $55.48B, began trading this morning at $70.09. Looking at the equity, the company’s one day range is $69.60 to $70.38 with the price of the stock fluctuating between $55.53 to $91.34 over the last 52 weeks. TWX shares are currently priced at 13.24x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.73x earnings multiple. And for dividend hunters, the company pays shareholders $1.61 per share annually in dividends, yielding 2.23%. In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $1.28 per share, which would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $5.34 is a $0.59 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.33 Billion. If realized, that would be a 2.81% increase over the year-ago quarter. Recently, Telsey Advisory Group Initiated TWX at Outperform (Feb 5, 2016). Previously, Drexel Hamilton Initiated TWX at to Buy. Investors should keep in mind is that the average price target is $81.56, which is 16.36% above where the stock opened this morning. See more in (NYSE:TWX) Similar Articles: Company Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable Media Expands Ads Everywhere Capabilities to Deliver Campaigns Targeted Directly to Household Levels Company Update (NYSE:TWX): Time Warner Chairman & CEO Jeff Bewkes to Participate in the Deutsche Bank Media, Internet & Telecom Conference Stock Update: Time Warner Inc (NYSE:TWX) – Time Warner Announces Participation in Upcoming Investor Conferences
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