Twin River Worldwide Holdings Inc (NYSE:TRWH) Expected to Announce Quarterly Sales of $157.45 Million

Brokerages forecast that Twin River Worldwide Holdings Inc (NYSE:TRWH) will post sales of $157.45 million 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 business is expected to announce its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Twin River Worldwide will report full year sales of $575.30 million for the current financial year, with estimates ranging from $539.80 million to $610.80 million. For the next financial year, analysts anticipate that the business will post sales of $611.25 million, with estimates ranging from $566.10 million to $656.40 million. Zacks’ sales calculations 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 earnings results on Tuesday, May 14th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $120.63 million during the quarter, compared to analysts’ expectations of $119.10 million.



A number of research firms have recently commented on TRWH. SunTrust Banks cut Wageworks from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Union Gaming Research began coverage on Twin River Worldwide in a research note on Thursday, June 20th. They issued a “buy” rating and a $38.00 target price on the stock. Stifel Nicolaus cut Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 target price on the stock. in a research note on Wednesday, April 24th. Finally, Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.

In other Twin River Worldwide news, major shareholder Chatham Asset Management, Llc purchased 8,169 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $33.15 per share, with a total value of $270,802.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 1,830,782 shares of company stock worth $53,883,657. Corporate insiders own 35.00% of the company’s stock.

Several large 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 $55,687,000. Kennedy Capital Management Inc. bought a new position in shares of Twin River Worldwide during the first quarter valued at $3,815,000. Teton Advisors Inc. bought a new position in shares of Twin River Worldwide during the first quarter valued at $1,779,000. Gamco Investors INC. ET AL bought a new position in Twin River Worldwide in the first quarter valued at about $500,000. Finally, Gabelli Funds LLC bought a new position in Twin River Worldwide in the first quarter valued at about $336,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TRWH traded up $0.95 during trading on Friday, reaching $28.32. The company had a trading volume of 3,438 shares, compared to its average volume of 527,309. Twin River Worldwide has a 12-month low of $27.21 and a 12-month high of $33.98. The business’s 50-day moving average is $30.13. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87.

The firm also recently declared a special dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued 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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