Twin Disc, Incorporated (TWIN) Expected to Announce Earnings of -$0.13 Per Share
Wall Street brokerages predict that Twin Disc, Incorporated (NASDAQ:TWIN) will post earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Twin Disc,’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.12). Twin Disc, reported earnings per share of ($0.09) in the same quarter last year, which suggests a negative year over year growth rate of 44.4%. The company is expected to issue its next quarterly earnings results on Tuesday, April 25th.
On average, analysts expect that Twin Disc, will report full year earnings of ($0.67) per share for the current year, with EPS estimates ranging from ($0.72) to ($0.62). For the next financial year, analysts anticipate that the firm will post earnings of $0.01 per share, with EPS estimates ranging from ($0.35) to $0.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Twin Disc,.
Twin Disc, (NASDAQ:TWIN) last released its quarterly earnings data on Tuesday, January 31st. The industrial products company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.06. Twin Disc, had a negative net margin of 7.87% and a negative return on equity of 5.26%. The company earned $33.67 million during the quarter, compared to analysts’ expectations of $40.95 million. During the same period last year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was down 24.9% compared to the same quarter last year.
TWIN has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Twin Disc, from a “buy” rating to a “hold” rating in a research report on Tuesday. Seaport Global Securities raised shares of Twin Disc, from a “neutral” rating to a “buy” rating in a research report on Monday, February 13th.
Twin Disc, (NASDAQ:TWIN) opened at 18.81 on Friday. The stock’s market capitalization is $216.67 million. Twin Disc, has a 52-week low of $8.50 and a 52-week high of $21.75. The firm has a 50-day moving average price of $18.79 and a 200 day moving average price of $15.85.
Several hedge funds and other institutional investors have recently made changes to their positions in TWIN. Gamco Investors INC. ET AL raised its position in shares of Twin Disc, by 2.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,154,177 shares of the industrial products company’s stock worth $16,851,000 after buying an additional 22,551 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Twin Disc, by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,441 shares of the industrial products company’s stock valued at $8,285,000 after buying an additional 12,975 shares during the period. Teton Advisors Inc. raised its position in Twin Disc, by 4.7% in the fourth quarter. Teton Advisors Inc. now owns 310,000 shares of the industrial products company’s stock valued at $4,526,000 after buying an additional 14,000 shares during the period. Gabelli Funds LLC raised its position in Twin Disc, by 2.8% in the fourth quarter. Gabelli Funds LLC now owns 308,000 shares of the industrial products company’s stock valued at $4,497,000 after buying an additional 8,501 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its position in Twin Disc, by 15.8% in the third quarter. Pacific Ridge Capital Partners LLC now owns 282,811 shares of the industrial products company’s stock valued at $3,388,000 after buying an additional 38,691 shares during the period. 43.13% of the stock is owned by institutional investors and hedge funds.
About Twin Disc,
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.
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