Market Update: Time Warner Inc (NYSE:TWX) – Time Warner Declares Regular Quarterly Cash Dividend

[Business Wire] – Time Warner Inc. today announced that its Board of Directors declared a regular quarterly cash dividend of $0.4025 per share of Common Stock, payable in cash on June 15, 2016 to shareholders of record on May 31, 2016. Read more on this. Time Warner Inc. (TWX) , valued at $61.12B, began trading this morning at $76.56. Looking at the equity, the company’s one day range is $76.14 to $77.40 with the price of the stock fluctuating between $55.53 to $91.34 over the last 52 weeks. TWX shares are currently priced at 14.40x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.34x earnings multiple. And for income investors, the company pays shareholders $1.61 per share annually in dividends, yielding 2.10%. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $1.29 per share, which would be $0.10 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.34 is a $0.59 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.30 Billion. If reported, that would be a 2.38% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts Initiated TWX at Outperform (Apr 8, 2016). Previously, Telsey Advisory Group Initiated TWX at to Outperform. Given all the information above, we should disclose to readers that the average price target is $83.55, which is 9.13% above than it opened this morning. See more in (NYSE:TWX) Similar Articles: Company Update: Time Warner Inc (NYSE:TWX) – Time Warner Inc. Selects Nielsen as Strategic Partner for Medialab Research Company Update (NYSE:TWX): Statement: Time Warner Inc. Opposes Georgia Bill That Would Encourage Discrimination Stock Update: Time Warner Inc (NYSE:TWX) – Time Warner Announces Participation in Upcoming Investor Conferences
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