Company Update (NYSE:TWC): [$$] Time Warner Cable-Charter Deal Still on Track

[at Barrons.com] – Wells Fargo Securities The Time Warner Cable strategy seems to be working, and the Charter Communications deal is still on track. The great fourth-quarter subscriber trends were already known given Time Warner Cable’s Jan. 7 preannouncement, but we can’t help but reiterate how impressive the 54,000 video added subscribers, 281 data added subscribers, and 227 voice added subscribers were. Read more on this. Time Warner Cable Inc. (TWC) , valued at $51.54B, started trading this morning at $179.72. Shares have traded today between $178.43 and $182.82 per share with a trailing 52-week range being $134.21 to $194.22. TWC shares are currently priced at 23.30x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -1.27x earnings multiple. The company pays shareholders $3.00 per share annually in dividends, yielding 1.67%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $1.82 per share, which would be $0.17 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $7.66, which would be a $1.04 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.12 Billion. If realized, that would be a 5.88% increase over the year-ago quarter. Recently, Sun Trust Rbsn Humphrey Initiated TWC at Neutral (Nov 11, 2015). Previously, Buckingham Research downgraded TWC from Buy to Neutral. With the above information in mind, readers should note that the average price target is $200.63, which is 11.63% 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 Reports 2015 Fourth-Quarter and Full-Year Results Market Update (NYSE:TWC): Time Warner Cable, Charter expect deal closing in first quarter 2016, not 2015 Company Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable targets closing Charter deal by year end