New Lifetime High For Time Warner Cable (TWC)

Trade-Ideas LLC identified Time Warner Cable ( TWC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Time Warner Cable as such a stock due to the following factors:

  • TWC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $485.5 million.
  • TWC has traded 507,996 shares today.
  • TWC is trading at a new lifetime high.

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More details on TWC:

Time Warner Cable Inc., together with its subsidiaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations. The stock currently has a dividend yield of 1.4%. TWC has a PE ratio of 33. Currently there are 4 analysts that rate Time Warner Cable a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Time Warner Cable has been 2.3 million shares per day over the past 30 days. Time Warner Cable has a market cap of $60.9 billion and is part of the services sector and media industry. The stock has a beta of 0.95 and a short float of 3.1% with 3.62 days to cover. Shares are up 16.4% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, growth in earnings per share and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Media industry average. The net income increased by 7.9% when compared to the same quarter one year prior, going from $458.00 million to $494.00 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.7%. Since the same quarter one year prior, revenues slightly increased by 7.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 35.66% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • TIME WARNER CABLE INC has improved earnings per share by 8.2% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TIME WARNER CABLE INC reported lower earnings of $6.44 versus $7.17 in the prior year. This year, the market expects an improvement in earnings ($7.50 versus $6.44).
  • Net operating cash flow has slightly increased to $1,608.00 million or 6.63% when compared to the same quarter last year. Despite an increase in cash flow, TIME WARNER CABLE INC's average is still marginally south of the industry average growth rate of 7.94%.

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