Stock Update (NYSE:TWC): Time Warner Cable Declares Quarterly Dividend

[Business Wire] – The Board of Directors of Time Warner Cable Inc. today declared a quarterly dividend of $0.75 per share on the Company’s Common Stock, payable in cash on January 25, 2016, to stockholders of record at the close of business on January 4, 2016. Read more on this. Time Warner Cable Inc. (TWC) , valued at $52.22B, opened this morning at $184.98. Today, shares have traded between $183.00 and $186.22 per share with its 52-week range being $134.21 to $194.22. TWC shares are currently priced at 27.89x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.24x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $3.00 per share annually in dividends, yielding 1.68%. According to a consensus of 20 analysts, the earnings estimate of $1.78 per share would be $0.25 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.58 is a $0.98 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.05 Billion. If realized, that would be a 4.49% increase over the year-ago quarter. In terms of ratings, Buckingham Research downgraded TWC from Buy to Neutral (Jul 31, 2015). Previously, Deutsche Bank Initiated TWC at to Buy. With the above information in mind, readers should note that the average price target is $202.79, which is 9.63% above where the stock opened this morning. See more in (NYSE:TWC) Similar Articles: Stock Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable IntelligentHome Now Offering 24/7 Playback for Enhanced Security Video Monitoring Stock Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable to Report 2015 Third-Quarter Results Company Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable Declares Quarterly Dividend
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