Wall Street analysts forecast that Twin Disc, Incorporated (NASDAQ:TWIN) will post $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Twin Disc’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.45. Twin Disc reported earnings of $0.63 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 47.6%. The business is scheduled to report its next quarterly earnings report on Monday, August 5th.
On average, analysts expect that Twin Disc will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.35. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.10 to $1.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Twin Disc.
Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.09). Twin Disc had a net margin of 5.74% and a return on equity of 10.87%. The business had revenue of $77.42 million during the quarter, compared to analysts’ expectations of $85.70 million.
TWIN has been the topic of several analyst reports. TheStreet raised shares of Twin Disc from a “c” rating to a “b-” rating in a report on Friday, February 1st. Zacks Investment Research cut shares of Twin Disc from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Finally, BidaskClub cut shares of Twin Disc from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.00.
In related news, VP Malcolm F. Moore sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the sale, the vice president now owns 46,257 shares of the company’s stock, valued at $832,626. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 25.80% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in TWIN. Vanguard Group Inc raised its holdings in Twin Disc by 20.7% during the third quarter. Vanguard Group Inc now owns 511,570 shares of the industrial products company’s stock worth $11,787,000 after purchasing an additional 87,840 shares in the last quarter. Vanguard Group Inc. raised its holdings in Twin Disc by 20.7% during the third quarter. Vanguard Group Inc. now owns 511,570 shares of the industrial products company’s stock worth $11,787,000 after purchasing an additional 87,840 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Twin Disc by 26.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 367,584 shares of the industrial products company’s stock worth $6,120,000 after purchasing an additional 76,860 shares in the last quarter. Walthausen & Co. LLC raised its holdings in Twin Disc by 93.7% during the fourth quarter. Walthausen & Co. LLC now owns 154,290 shares of the industrial products company’s stock worth $2,276,000 after purchasing an additional 74,618 shares in the last quarter. Finally, Grace & White Inc. NY raised its holdings in Twin Disc by 34.6% during the fourth quarter. Grace & White Inc. NY now owns 214,576 shares of the industrial products company’s stock worth $3,165,000 after purchasing an additional 55,119 shares in the last quarter. 56.42% of the stock is currently owned by institutional investors.
Shares of NASDAQ TWIN traded up $0.26 during midday trading on Tuesday, hitting $14.44. The company’s stock had a trading volume of 22,900 shares, compared to its average volume of 25,862. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.06 and a current ratio of 3.00. Twin Disc has a 1 year low of $13.40 and a 1 year high of $30.29. The firm has a market cap of $185.74 million, a price-to-earnings ratio of 10.46 and a beta of 2.03.
Twin Disc Company Profile
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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