Equities research analysts expect Twin Disc, Incorporated (NASDAQ:TWIN) to announce $0.33 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Twin Disc’s earnings, with estimates ranging from $0.21 to $0.45. Twin Disc reported earnings of $0.63 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 47.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, August 5th.
According to Zacks, 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 financial year, analysts anticipate that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.10 to $1.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Twin Disc.
Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.09). The firm had revenue of $77.42 million during the quarter, compared to analysts’ expectations of $85.70 million. Twin Disc had a net margin of 5.74% and a return on equity of 10.87%.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in Twin Disc by 606.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,734 shares during the period. American International Group Inc. increased its holdings in Twin Disc by 10.5% during the 4th quarter. American International Group Inc. now owns 6,207 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 592 shares during the period. Rhumbline Advisers increased its holdings in Twin Disc by 40.5% during the 4th quarter. Rhumbline Advisers now owns 13,183 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 3,800 shares during the period. First Trust Advisors LP increased its holdings in Twin Disc by 34.4% during the 4th quarter. First Trust Advisors LP now owns 17,928 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 4,590 shares during the period. Finally, Bank of America Corp DE increased its holdings in Twin Disc by 17.3% during the 4th quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 2,670 shares during the period. Institutional investors own 56.81% of the company’s stock.
Shares of TWIN stock traded down $0.42 on Monday, hitting $12.80. The stock had a trading volume of 66,100 shares, compared to its average volume of 27,059. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.00 and a quick ratio of 1.16. The firm has a market capitalization of $173.16 million, a price-to-earnings ratio of 9.28 and a beta of 2.04. Twin Disc has a 1 year low of $12.75 and a 1 year high of $27.97. The firm has a 50 day moving average of $14.28.
About Twin Disc
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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