Company Update (NYSE:TWX): Time Warner Inc. Announces Proposed Debt Offering

[Business Wire] – Time Warner Inc. today announced that it has commenced an underwritten public offering of senior notes due 2026 of benchmark size. The net proceeds from the issuance of the notes will be used for general corporate purposes. Read more on this. Time Warner Inc. (TWX) , valued at $59.56B, began trading this morning at $75.05. Looking at the stock, its one day range is $75.00 to $76.36 with its 52-week range being $55.53 to $91.34. Priced at 13.96x this year’s forecasted earnings, TWX shares are relatively inexpensive compared to the industry’s 15.51x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.61 per share annually in dividends, yielding 2.19%. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $1.32 per share, which would be $0.07 better than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.36 would be a $0.61 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.43 Billion. If reported, that would be a 1.09% increase over the year-ago quarter. More recently, Pacific Crest downgraded TWX from Overweight to Sector Weight (May 2, 2016). Previously, RBC Capital Mkts Initiated TWX at to Outperform. The average price target for TWX shares is $85.00, which is 13.26% above where the stock opened this morning. See more in (NYSE:TWX) Similar Articles: Market Update: Time Warner Inc (NYSE:TWX) – Time Warner Declares Regular Quarterly Cash Dividend Company Update: Time Warner Inc (NYSE:TWX) – Time Warner Inc. Selects Nielsen as Strategic Partner for Medialab Research Stock Update: Time Warner Inc (NYSE:TWX) – Time Warner Announces Participation in Upcoming Investor Conferences
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