Time Inc. (NYSE:TIME) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Time Inc. (NYSE:TIME) from a buy rating to a hold rating in a research note published on Friday, September 1st.

Several other equities analysts have also recently issued reports on the company. BidaskClub cut Time from a sell rating to a strong sell rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded Time from a sell rating to a hold rating in a research report on Thursday, August 10th. Finally, Macquarie cut Time from an outperform rating to a neutral rating and set a $15.00 target price on the stock. in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $15.40.

Shares of Time (TIME) opened at 13.05 on Friday. The company’s market capitalization is $1.30 billion. Time has a 12-month low of $11.65 and a 12-month high of $20.40. The company has a 50-day moving average price of $13.19 and a 200 day moving average price of $15.09.

Time (NYSE:TIME) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The company had revenue of $694.00 million during the quarter, compared to analyst estimates of $698.66 million. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that Time will post $1.10 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/09/18/time-inc-time-rating-lowered-to-hold-at-valuengine.html.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, August 29th. Time’s dividend payout ratio is currently -12.31%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Manhattan Co. grew its holdings in shares of Time by 1.6% in the 1st quarter. First Manhattan Co. now owns 7,488 shares of the company’s stock worth $108,000 after acquiring an additional 118 shares during the period. Capstone Asset Management Co. lifted its stake in Time by 1.7% in the 1st quarter. Capstone Asset Management Co. now owns 19,030 shares of the company’s stock valued at $368,000 after buying an additional 320 shares in the last quarter. Advantus Capital Management Inc lifted its stake in Time by 3.2% in the 1st quarter. Advantus Capital Management Inc now owns 12,700 shares of the company’s stock valued at $246,000 after buying an additional 389 shares in the last quarter. State Treasurer State of Michigan lifted its stake in Time by 1.0% in the 1st quarter. State Treasurer State of Michigan now owns 40,337 shares of the company’s stock valued at $781,000 after buying an additional 400 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in Time by 2.8% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 17,570 shares of the company’s stock valued at $289,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.

Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Time Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply