Brokerage firm Stephens & Co. Upgrades its rating on Time Inc(TIME). The shares have been rated Equal-Weight. Previously, the analysts had a Underweight rating on the shares. The rating by the stock financial advisor at Stephens & Co. was issued on Mar 20, 2017 in a research report to their Investors and Clients.
Time Inc (TIME) made into the market gainers list on Wednesdays trading session with the shares advancing 2.61% or 0.5 points. Due to strong positive momentum, the stock ended at $19.65, which is also near the day’s high of $19.65. The stock began the session at $19.15 and the volume stood at 9,04,431 shares. The 52-week high of the shares is $20.4 and the 52 week low is $12.5. The company has a current market capitalization of $1,949 M and it has 9,91,94,661 shares in outstanding.
Time Inc(TIME) last announced its earnings results on Feb 16, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $867.000M. Analysts had an estimated revenue of $872.730M. Earnings per share were $0.75. Analysts had estimated an EPS of $0.78.
Several Insider Transactions has been reported to the SEC. On Nov 8, 2016, John M Jr Fahey (director) purchased 1,000 shares at $12.62 per share price.Also, On Nov 7, 2016, Gregory Giangrande (EVP,CHRO&Chief Comm’ns Officer) sold 1,330 shares at $12.62 per share price.On May 10, 2016, David Arthur Bell (director) purchased 5,000 shares at $15.06 per share price, according to the Form-4 filing with the securities and exchange commission.
Time Inc. is a media company. The Company’s brands include People Sports Illustrated InStyle Time Real Simple Southern Living Entertainment Weekly Travel + Leisure Cooking Light Fortune and Food & Wine as well as approximately 50 titles in the United Kingdom such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises including the Fortune 500 Time 100 People’s Sexiest Man Alive Sports Illustrated’s Sportsman of the Year the Food & Wine Classic in Aspen the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing targeted local print and digital advertising programs book publishing and marketing and support services including subscription sales services for magazines and other products retail distribution and marketing services and customer service and fulfillment services for the Company and third-party customers including other magazine publishers.