Needham & Company Maintains a 'Buy' on Time Warner Cable (TWC); Raising Estimates Ahead of Q2 Report

Needham & Company maintains a 'Buy' on Time Warner Cable (NYSE: TWC) price target of $95.00.

Analyst, Laura Martin, said, "We are revising our estimates to account for TWC’s acquisition of Insight Communications, which closed on 2/29/12, as follows: We raise our 2Q12 revenue to $5.382B (up 9% y/y and 2% higher than our previous estimates) and we maintain our Operating EPS at $1.38 (up 17% y/y)...For FY12, we raise our revenue estimate to $21.36B (up 9% y/y and 2% higher than our previous estimates), and we raise our Operating EPS by 0.7% to $5.64 (up 21% y/y and 1% higher than our previous estimates)...For FY13, we raise our revenue estimate to $22.182B (up 4% y/y and 1% higher than our previous estimates) and we maintain our Operating EPS at $7.10 (up 26% y/y)."

For an analyst ratings summary and ratings history on Time Warner Cable click here. For more ratings news on Time Warner Cable click here.

Shares of Time Warner Cable closed at $81.85 yesterday.

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