Stocks: Analysts Expect Twin Disc, Incorporated (TWIN) to Post -$0.04 EPS

Stocks: Analysts Expect Twin Disc, Incorporated (TWIN) to Post -$0.04 EPS

Wall Street analysts forecast that Twin Disc, Incorporated (NASDAQ:TWIN) will report earnings per share (EPS) of ($0.04) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Twin Disc,’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.00. Twin Disc, reported earnings per share of ($0.01) in the same quarter last year, which suggests a negative year over year growth rate of 300%. The business is expected to issue its next earnings results on Thursday, August 17th.

On average, analysts expect that Twin Disc, will report full year earnings of ($0.63) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to ($0.62). For the next financial year, analysts anticipate that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.35) to $0.36. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Twin Disc,.

Twin Disc, (NASDAQ:TWIN) last released its earnings results on Friday, May 5th. The industrial products company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.03. The business had revenue of $45.08 million for the quarter, compared to the consensus estimate of $42.10 million. Twin Disc, had a negative net margin of 7.87% and a negative return on equity of 5.26%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS.

A number of analysts have recently issued reports on TWIN shares. Seaport Global Securities upgraded shares of Twin Disc, from a “neutral” rating to a “buy” rating in a report on Monday, February 13th. Zacks Investment Research upgraded shares of Twin Disc, from a “sell” rating to a “hold” rating in a report on Saturday, February 18th.

Twin Disc, (NASDAQ:TWIN) opened at 19.62 on Friday. The company’s market cap is $226.00 million. Twin Disc, has a 1-year low of $8.50 and a 1-year high of $21.75. The stock’s 50 day moving average price is $19.40 and its 200-day moving average price is $16.69.

A number of hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its stake in Twin Disc, by 2.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,154,177 shares of the industrial products company’s stock valued at $16,851,000 after buying an additional 22,551 shares during the period. Neuberger Berman Group LLC increased its stake in Twin Disc, by 1.3% in the first quarter. Neuberger Berman Group LLC now owns 614,561 shares of the industrial products company’s stock valued at $12,642,000 after buying an additional 7,749 shares during the period. Dimensional Fund Advisors LP increased its stake in Twin Disc, by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,441 shares of the industrial products company’s stock valued at $8,285,000 after buying an additional 12,975 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in Twin Disc, by 21.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 362,905 shares of the industrial products company’s stock valued at $7,465,000 after buying an additional 63,484 shares during the period. Finally, Teton Advisors Inc. increased its stake in Twin Disc, by 8.4% in the first quarter. Teton Advisors Inc. now owns 336,069 shares of the industrial products company’s stock valued at $6,913,000 after buying an additional 26,069 shares during the period. Hedge funds and other institutional investors own 43.13% of the company’s stock.

About Twin Disc,

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.

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

Related posts

Leave a Comment