Wall Street brokerages predict that Twin River Worldwide Holdings Inc (NYSE:TRWH) will announce $157.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Twin River Worldwide’s earnings, with the lowest sales estimate coming in at $147.40 million and the highest estimate coming in at $167.50 million. The company is expected to announce its next quarterly earnings results on Tuesday, August 13th.
On average, analysts expect that Twin River Worldwide will report full year sales of $575.30 million for the current fiscal year, with estimates ranging from $539.80 million to $610.80 million. For the next financial year, analysts forecast that the business will report sales of $611.25 million, with estimates ranging from $566.10 million to $656.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Twin River Worldwide.
Twin River Worldwide (NYSE:TRWH) last issued its earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $120.63 million during the quarter, compared to the consensus estimate of $119.10 million.
A number of research analysts recently weighed in on TRWH shares. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. SunTrust Banks downgraded shares of Wageworks from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Union Gaming Research started coverage on shares of Twin River Worldwide in a research report on Thursday, June 20th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Stifel Nicolaus downgraded shares of Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price objective on the stock. in a research report on Wednesday, April 24th.
In related news, major shareholder Chatham Asset Management, Llc sold 438,085 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $30.55, for a total transaction of $13,383,496.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 1,830,782 shares of company stock worth $53,883,657. 35.00% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Apollo Management Holdings L.P. purchased a new stake in Twin River Worldwide during the first quarter valued at approximately $55,687,000. Teton Advisors Inc. purchased a new stake in Twin River Worldwide during the first quarter valued at approximately $1,779,000. Gamco Investors INC. ET AL purchased a new stake in Twin River Worldwide during the first quarter valued at approximately $500,000. Kennedy Capital Management Inc. purchased a new stake in Twin River Worldwide during the first quarter valued at approximately $3,815,000. Finally, Gabelli Funds LLC purchased a new stake in Twin River Worldwide during the first quarter valued at approximately $336,000. 62.73% of the stock is owned by institutional investors and hedge funds.
Twin River Worldwide stock traded up $1.60 during midday trading on Friday, reaching $28.97. 246,561 shares of the company traded hands, compared to its average volume of 566,579. The company’s 50 day simple moving average is $30.08. Twin River Worldwide has a 12 month low of $27.21 and a 12 month high of $33.98. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.
The business also recently disclosed a special dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, July 8th.
Twin River Worldwide Company Profile
There is no company description available for Twin River Worldwide Holdings Inc
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