Equities research analysts expect Twin Disc, Incorporated (NASDAQ:TWIN) to post sales of $69.65 million for the current quarter, Zacks reports. Two analysts have made estimates for Twin Disc’s earnings, with the highest sales estimate coming in at $70.60 million and the lowest estimate coming in at $68.70 million. Twin Disc posted sales of $78.11 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.8%. The firm is scheduled to issue its next quarterly earnings report on Friday, February 7th.
According to Zacks, analysts expect that Twin Disc will report full-year sales of $276.05 million for the current financial year, with estimates ranging from $272.20 million to $279.90 million. For the next fiscal year, analysts forecast that the company will report sales of $289.00 million, with estimates ranging from $283.10 million to $294.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Twin Disc.
Twin Disc (NASDAQ:TWIN) last posted its earnings results on Friday, November 1st. The industrial products company reported ($0.48) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.26). Twin Disc had a net margin of 1.09% and a return on equity of 1.74%. The company had revenue of $59.29 million during the quarter, compared to analysts’ expectations of $70.65 million.
TWIN traded down $0.07 during midday trading on Friday, hitting $9.94. The company’s stock had a trading volume of 21,840 shares, compared to its average volume of 30,881. The firm has a market cap of $134.54 million, a P/E ratio of 11.84 and a beta of 1.99. The company has a current ratio of 2.75, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $12.08. Twin Disc has a 52-week low of $9.59 and a 52-week high of $19.15.
Several hedge funds and other institutional investors have recently modified their holdings of TWIN. Rhumbline Advisers raised its holdings in shares of Twin Disc by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 16,518 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,368 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Twin Disc by 8.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 1,948 shares during the period. Huntington National Bank lifted its position in shares of Twin Disc by 4,000,000.0% during the third quarter. Huntington National Bank now owns 40,001 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 40,000 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Twin Disc during the second quarter worth $456,000. Finally, US Bancorp DE boosted its stake in shares of Twin Disc by 31.6% in the second quarter. US Bancorp DE now owns 32,827 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 7,889 shares during the period. 59.90% of the stock is owned by institutional investors.
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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