Time (TIME) Getting Favorable News Coverage, Study Finds

Media stories about Time (NYSE:TIME) have trended positive on Sunday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Time earned a media sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also gave news articles about the company an impact score of 37 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s analysis:

Time (NYSE:TIME) traded up 1.84% during trading on Friday, hitting $13.85. 1,987,729 shares of the stock traded hands. The company has a 50-day moving average price of $14.04 and a 200-day moving average price of $17.24. The stock’s market cap is $1.38 billion. Time has a 12 month low of $11.65 and a 12 month high of $20.40.

Time (NYSE:TIME) last posted its earnings results on Wednesday, May 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.03. Time had a negative net margin of 2.82% and a positive return on equity of 6.31%. The business had revenue of $636 million during the quarter, compared to analysts’ expectations of $641.85 million. During the same period last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts expect that Time will post $1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, May 26th. Time’s dividend payout ratio (DPR) is presently -84.44%.

Several research firms recently issued reports on TIME. BidaskClub upgraded shares of Time from a “strong sell” rating to a “sell” rating in a research report on Friday. ValuEngine lowered shares of Time from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Time from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Wells Fargo & Co lowered shares of Time from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. Finally, Stephens upgraded shares of Time from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 20th. One research 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. The stock presently has an average rating of “Hold” and an average target price of $15.40.

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In other Time news, Director Dennis J. Fitzsimons bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $11.99 per share, with a total value of $35,970.00. Following the completion of the acquisition, the director now owns 30,674 shares in the company, valued at approximately $367,781.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald S. Rolfe bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average cost of $12.85 per share, with a total value of $25,700.00. Following the completion of the acquisition, the director now owns 32,147 shares of the company’s stock, valued at approximately $413,088.95. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 6,000 shares of company stock valued at $74,600. 0.93% of the stock is currently owned by insiders.

About Time

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TIME”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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