Time Warner Cable Hits a 52-Week High on Robust Earnings - Analyst Blog

By
A A A

Shares of Time Warner Cable Inc. ( TWC ), the second largest cable multi service operator (MSO) in the U.S., surged to a new 52-week high of $148.20 on Friday, before closing the session a little lower at $147.84. In the past twelve months, the company's shares have soared over 33% following positive earnings surprise in the trailing four quarters.

Since Time Warner Cable reported its first-quarter 2014 financial numbers on Apr 24, 2014, the company's shares have gained nearly 6%. In the first-quarter 2014, Time Warner Cable reported earnings per share of $1.78, breezing past the Zacks Consensus Estimate of $1.68 by 6%. Also, the company has surpassed the Zacks Consensus estimate in the last four quarters, with an average earnings beat of 4.2%.

In the first-quarter 2014, Time Warner Cable significantly narrowed its residential video customer loss to 34,000 from 217,000 in the last quarter. Also, this figure marks the lowest loss in the last five years. The company also witnessed considerable subscriber addition for its broadband and digital phone services.


Recently, Time Warner Cable and global WiFi service provider Boingo Wireless, Inc. ( WIFI ) have jointly announced a roaming access agreement. Per the agreement, Time Warner Cable customers can now access Boingo's WiFi services in over 100 superior Boingo locations. Though Time Warner Cable customers will benefit from this pact at only 100 locations, we believe this will serve as the platform to expand Internet services on a large scale in the near future. We believe implementation of such growth strategies may act as tailwinds for the company, moving forward.

Time Warner Cable currently holds a Zacks Rank #3 (Hold).

Other stocks to Consider

Other better-ranked stocks worth considering in this sector are Comcast Corporation ( CMCSA ) and Rogers Communications Inc. ( RCI ). Both these stocks hold a Zacks Rank #2 (Buy).


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ROGERS COMM CLB (RCI): Free Stock Analysis Report

COMCAST CORP A (CMCSA): Free Stock Analysis Report

TIME WARNER CAB (TWC): Free Stock Analysis Report

BOINGO WIRELESS (WIFI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Earnings , Stocks

Referenced Stocks: MSO , RCI , CMCSA , TWC , WIFI

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com