Zacks: Analysts Expect Twin Disc, Incorporated (NASDAQ:TWIN) Will Announce Quarterly Sales of $69.65 Million

Share on StockTwits

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 has been the subject of a number of research reports. ValuEngine raised Twin Disc from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet lowered Twin Disc from a “c” rating to a “d+” rating in a research note on Friday, November 1st. Zacks Investment Research cut Twin Disc from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Finally, Robert W. Baird set a $14.00 price target on shares of Twin Disc and gave the company a “hold” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.33.

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.

Recommended Story: How liquidity affects the bid-ask spread

Get a free copy of the Zacks research report on Twin Disc (TWIN)

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

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.