News articles about Time (NYSE:TIME) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Time earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3880504860466 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- It’s Time to Go Long GoPro Inc (GPRO) Stock (investorplace.com)
- Will an Outsider Restructure Time Inc.? – 24/7 Wall St. (247wallst.com)
- Editor with digital background to head Time’s Health magazine – New York Post (nypost.com)
- Time Inc. Doubles Down on Health, Names Lori Leibovich Editor in … – WWD (wwd.com)
- Time Inc. Appoints Lori Leibovich Editor-in-Chief of HEALTH (finance.yahoo.com)
Shares of Time (TIME) opened at 12.35 on Friday. The firm’s market capitalization is $1.23 billion. Time has a 52 week low of $11.65 and a 52 week high of $20.40. The firm’s 50-day moving average price is $13.87 and its 200 day moving average price is $15.92.
Time (NYSE:TIME) last issued its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $694 million during the quarter, compared to the consensus estimate of $698.66 million. Time had a negative net margin of 4.34% and a positive return on equity of 7.06%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. On average, analysts anticipate that Time will post $1.10 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.04 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.30%. Time’s payout ratio is -12.31%.
Several brokerages have weighed in on TIME. BidaskClub upgraded Time from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Time from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine upgraded Time from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company downgraded Time from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.40.
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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.
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