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Stock Market & Financial Investment News

News Breaks
February 5, 2013
13:37 EDTTWXEarnings Preview: Time Warner makes organizational changes ahead of Q4 report
Time Warner (TWX) is set to report Q4 earnings before the market opens on Wednesday, February 6, with a conference call scheduled for 10:30 am ET. Time Warner is a media and entertainment company that which owns HBO, CNN, Warner Bros., and Time Inc. among other media properties... EXPECTATIONS: Analysts are looking for EPS of $1.10 on revenue of $8.25B, according to First Call. The consensus range for EPS is $1.08-$1.12 on revenue of $7.94B-$8.89B... LAST QUARTER: Time Warner reported Q3 adjusted EPS of 86c against estimates for 82c on revenue of $6.8B on estimates for $6.9B. In its Q3 earnings release, Time Warner reaffirmed its FY12 business outlook, saying it expects full-year low double-digit EPS percentage growth off an FY11 adjusted EPS base of $2.89, with current consensus estimates for FY12 EPS at $3.21. In November, Time Warner named former NBC (CMCSA) Universal CEO Jeff Zucker president of CNN. In January, the Warner Bros. Television Group signed a licensing agreement with Netflix (NFLX) giving Netflix the rights to eight Time Warner shows. Late last month, Kevin Tsujihara was named CEO of Warner Bros., and Time Inc., which publishes Time magazine, laid off about 500 employees, or 6% of its staff... STREET RESEARCH: Street research has been muted on Time Warner this quarter, with Goldman upgrading its U.S. Media sector to Attractive from Neutral on January 22. A number of firms also upgraded their price targets on Time Warner, including Stifel Nicolaus to $56 from $51, and Lazard to $56 from $54, respectfully. Both firms kept Buy ratings on the company... PRICE ACTION: Shares of Time Warner have gained more than 16% since its Q3 earnings report. In afternoon trading ahead of tomorrow's Q4 earnings report, shares of Time Warner are trading down almost 0.5%.
News For TWX From The Last 14 Days
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August 28, 2015
10:43 EDTTWXFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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August 25, 2015
10:57 EDTTWXHilliard Lyons upgrades Disney after recent pullback
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06:07 EDTTWXWarner Bros. in talks with China Media Capital to form film JV, WSJ reports
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August 23, 2015
16:22 EDTTWX'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
08:53 EDTTWXAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
August 20, 2015
16:48 EDTTWXOn The Fly: Top stock stories for Thursday
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13:26 EDTTWXOn The Fly: Top stock stories at midday
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10:00 EDTTWXOn The Fly: Analyst Downgrade Summary
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09:17 EDTTWXDisney hit with another downgrade on TV concerns
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06:36 EDTTWXBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
06:24 EDTTWXTime Warner downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Time Warner (TWX) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Time Warner to $90 from $101 and calls the downgrade a " very close call" with his new price target representing 15% upside from current levels. The analyst also downgraded shares of Disney (DIS) to Market Perform.
06:22 EDTTWXDisney downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Disney (DIS) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Disney shares to $114 from $125. The analyst also downgraded shares of Time Warner (TWX) to Market Perform. Shares of Disney closed yesterday down 45c to $106.49. Wells Fargo on Tuesday also downgraded the stock to Market Perform.
August 19, 2015
06:14 EDTTWXIntel to launch contest show on Turner Broadcasting, WSJ reports
Intel (INTC) is making a foray into reality television by developing a contest show with Mark Burnett and Time Warner's (TWX) Turner Broadcasting unit, the Wall Street Journal reports. The program will be called "America's Greatest Makers" and will engage "do-it-yourselfers" who turn microchips and other components into devices and gadgets, competing for a $1M prize, the report says. The show is scheduled to appear on TV and other media channels in 2016, the report adds. Reference Link
August 18, 2015
07:12 EDTTWXDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
August 17, 2015
11:49 EDTTWXTime Warner price target lowered to $92 from $103 at Barrington
Barrington analyst James Goss lowered his price target for Time Warner to $92 to reflect more conservative multiple assumptions but keeps an Outperform rating on the name.
August 16, 2015
16:59 EDTTWX'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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