Time Warner Q4 Profit Tops Estimates; Revenues Up 9%

Ivan Schwartz
February 16, 2018

The company's net income attributable to shareholders increased to US$1.39 billion (RM5.42 billion), or 1.75 cents per share, including a gain of US$1.06 per share related to changes to USA tax laws. Yakira Capital Management Inc who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $73.84B market cap company. Subscription revenues rose 14 percent, content and other revenue 32 percent and advertising revenue 2 percent, which was partially offset by higher expenses, including increased programming costs. About 9.00M shares traded or 10.65% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since February 1, 2017 and is uptrending. It has outperformed by 0.72% the S&P500.

Time Warner Inc. (TWX) saw 1.33 billion in free cash flow last quarter, representing a quarterly net change in cash of 916 million. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate's stock valued at $106,000 after buying an additional 146 shares during the last quarter. The institutional investor held 58,044 shares of the auto manufacturing company at the end of 2017Q3, valued at $695,000, down from 96,035 at the end of the previous reported quarter.

AT&T Inc (NYSE:T) said it was confident it will complete its US$85.4bn takeover of Time Warner Inc. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.69. Jefferies Group also issued estimates for Time Warner's Q4 2017 earnings at $1.58 EPS, FY2017 earnings at $6.11 EPS, Q2 2018 earnings at $1.47 EPS, Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.72 EPS, FY2018 earnings at $6.60 EPS, Q1 2019 earnings at $1.81 EPS, Q2 2019 earnings at $1.50 EPS and FY2019 earnings at $6.94 EPS.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Its down 0.15, from 1.12 in 2017Q2. It turned negative, as 66 investors sold Time Warner Inc. shares while 374 reduced holdings. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. It improved, as 45 investors sold NVDA shares while 282 reduced holdings. Mercer Capital Advisers has 5,156 shares for 0.39% of their portfolio. The firm has "Hold" rating given on Friday, September 15 by RBC Capital Markets. (NYSE:AFI) to report earnings on March, 5. (NYSE:TIF), 14 have Buy rating, 0 Sell and 12 Hold. 57,483 were accumulated by Cumberland Limited. Strs Ohio stated it has 0.2% of its portfolio in Time Warner Inc. 11,575 were accumulated by Synovus Fin Corp.

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In what could be the last earnings release as a standalone company, TWX handily beat earnings per share (EPS) estimates, earning $1.60 per share for 4Q 2017. Cqs Cayman Lp reported 114,102 shares stake.

Since December 14, 2017, it had 0 insider purchases, and 2 insider sales for $2.50 million activity.

Time Warner Inc.is a part of Services sector and belongs to Entertainment - Diversified industry. (NYSE:TWX), 16 have Buy rating, 0 Sell and 24 Hold. Therefore 40% are positive. After having $1.82 EPS previously, Time Warner Inc.'s analysts see -19.78% EPS growth. The stock has "Hold" rating by BMO Capital Markets on Monday, October 16. The rating was downgraded by SunTrust to "Hold" on Monday, December 19. As per Friday, August 14, the company rating was maintained by Barclays Capital. Marshall Wace Ltd Liability Partnership has invested 0.04% in ResMed Inc. (NYSE:TWX) earned "Hold" rating by FBR Capital on Monday, October 16. Oppenheimer maintained the shares of TIF in report on Thursday, August 24 with "Buy" rating. As per Wednesday, April 6, the company rating was maintained by Citigroup. The firm has "Market Perform" rating given on Thursday, November 5 by Wells Fargo. (NYSE:TWX) has "Buy" rating given on Monday, June 26 by Jefferies. Revenue was reported as $31.27 billion. Net income surged 33 per cent to $5.24 billion boosted by recently passed United States tax cuts. 61 funds opened positions while 111 raised stakes. At the same time as, it has debt to equity ratio of 0.85 and similar long term debt to equity ratio was 0.80. (NYSE:TWX) has an average volume of 8.11 Million. Hbk Sorce Advisory Ltd Liability reported 5,571 shares. (NYSE:TWX) or 2.63 million shares. (NYSE:RMD). Brinker Capital Inc invested 0.01% in ResMed Inc. Busey Tru Company invested in 0.72% or 58,761 shares. (NYSE:AMP) for 63 shares. (NYSE:AMP) for 1,775 shares. Ghp Investment invested in 28,092 shares. Fmr Ltd Com holds 0.07% in ResMed Inc. (NYSE:TWX). Panagora Asset Mngmt holds 0.01% or 24,487 shares.

Among 26 analysts covering Tiffany & Co. Therefore 35% are positive. Tiffany & Co. had 84 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, January 27, the company rating was upgraded by JP Morgan. The company was maintained on Tuesday, November 7 by Susquehanna. The firm has "Outperform" rating given on Thursday, January 21 by Bernstein. The rating was maintained by Susquehanna with "Neutral" on Wednesday, October 7.

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