Time Warner Inc, Allergan plc Shares Rise After Earnings Releases

Presently, Analysts measured mean EPS forecast of $1.37 for current quarter and thirty days ago mean EPS estimate was at $1.35.

A number of brokerages have commented on TWX.

Total Time Warner revenue was up 9.2% to $7.2 billion. At the moment there is no Time Warner bid coming from Apple, things could change within the next few months. According to a research note disclosed on Oct 25, 2016, analysts at Wedbush have upped their rating on these shares from Neutral to Outperform. Principal Financial Group Inc. consensus analyst price target has now moved to $50.92. He added that both Time Warner and AT&T have a “very significant commitment” to meet conditions that might be placed on the merger by regulators. (NYSE:TWX) ended trading lower at $88.25 with -0.83%. The one year high of the company is $111.83 and the one year low is $87.30.

Net income for the third-quarter of 2016 reached almost $1.5 billion. It shifted up 25.26% versus its 200 day moving average.

According to Thomson Reuters I/B/E/S, Time Warner earned US$1.55 per share, excluding a tax benefit of 28 cents per share and other items, beating the average analyst estimate of US$1.37. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. In last year’s third quarter, the media giant reported $6.56 billion in revenue. From Jan 1, 2016 through Oct 21, 2016, the company bought back about 31 million shares, aggregating approximately $2.3 billion. In fact Bewkes asked on the call were there any companies this year that showed interest in acquiring Time Warner.

Allergan expects full year revenue to be between $14.45 billion and $14.65 billion compared to the FactSet consensus of $14.73 billion. It also recently acquired the DirecTV satellite TV business. This represents a $1.61 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Monday, November 28th. Currently Time Warner Inc.

AT&T and Time Warner announced their mega-deal on October 23, calling it a way to bring new innovations in programming and distribution to the media business. Recently, ‘s stock has been recommended as BUY from 17 and 1 given OVERWEIGHT rating for the company. The shares were sold at an average price of $79.97, for a total transaction of $1,138,772.80.

Executives at the two companies have been in talks for several months.

The DC subsidiary of Time Warner is a big contributor to the company’s bottom line, Bewkes said, with TV revenues for its 10 series now exceeding $1 billion. Now shares have been rated as “Buy” from 9 Analysts. RidgeWorth Capital Management LLC increased its stake in Time Warner by 35.9% in the second quarter. Despite uncertainties about cord-cutting and the media climate in general, AT&T appears to be buying growing assets. Finally, Cornerstone Advisors Inc. boosted its position in Time Warner by 146.4% in the third quarter.