Twin River Worldwide Holdings Inc (NYSE:TRWH) Expected to Announce Earnings of $0.55 Per Share

Equities analysts expect Twin River Worldwide Holdings Inc (NYSE:TRWH) to post $0.55 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Twin River Worldwide’s earnings. The business is expected to announce its next quarterly earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Twin River Worldwide will report full-year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.80 to $1.89. For the next year, analysts expect that the firm will post earnings of $1.89 per share, with EPS estimates ranging from $1.86 to $1.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Twin River Worldwide.

Twin River Worldwide (NYSE:TRWH) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The company had revenue of $120.63 million during the quarter, compared to the consensus estimate of $119.10 million.



A number of equities analysts have weighed in on TRWH shares. Stifel Nicolaus started coverage on shares of Twin River Worldwide in a research note on Wednesday, April 24th. They set a “buy” rating and a $43.00 target price for the company. Union Gaming Research started coverage on shares of Twin River Worldwide in a research note on Thursday, June 20th. They set a “buy” rating and a $38.00 target price for the company. Zacks Investment Research downgraded shares of Twin River Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. Finally, SunTrust Banks started coverage on shares of Twin River Worldwide in a research note on Friday, June 28th. They set a “hold” rating and a $32.00 target price for the company.

TRWH stock opened at $28.90 on Friday. Twin River Worldwide has a 1 year low of $27.90 and a 1 year high of $33.98. The business has a 50-day moving average of $30.27. 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 firm also recently announced a special dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, July 8th.

In other Twin River Worldwide news, major shareholder Chatham Asset Management, Llc sold 213,917 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $29.30, for a total transaction of $6,267,768.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 1,301,240 shares of company stock valued at $39,082,958 in the last ninety days. Insiders own 35.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TRWH. Apollo Management Holdings L.P. bought a new position in shares of Twin River Worldwide during the first quarter valued at approximately $55,687,000. Kennedy Capital Management Inc. bought a new position in shares of Twin River Worldwide during the first quarter valued at approximately $3,815,000. Teton Advisors Inc. bought a new position in shares of Twin River Worldwide during the first quarter valued at approximately $1,779,000. Gamco Investors INC. ET AL bought a new position in shares of Twin River Worldwide during the first quarter valued at approximately $500,000. Finally, Gabelli Funds LLC bought a new position in shares of 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 Company Profile

There is no company description available for Twin River Worldwide Holdings Inc

Featured Story: What is dollar cost averaging (DCA)?

Get a free copy of the Zacks research report on Twin River Worldwide (TRWH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Twin River Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twin River Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.