Twin Disc Inc. (TWIN) Declares Quarterly Dividend of $0.09
Twin Disc (NASDAQ:TWIN) declared a quarterly dividend on Tuesday, October 22nd, AnalystRatingsNetwork reports. Shareholders of record on Friday, November 8th will be given a dividend of $0.09 per share on Monday, December 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%.
TWIN has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Twin Disc from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th.
Shares of Twin Disc (NASDAQ:TWIN) opened at 27.11 on Tuesday. Twin Disc has a 1-year low of $13.70 and a 1-year high of $27.72. The stock has a 50-day moving average of $25.88 and a 200-day moving average of $24.57. The company has a market cap of $305.1 million and a price-to-earnings ratio of 79.74.
Twin Disc (NASDAQ:TWIN) last released its earnings data on Tuesday, October 22nd. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $66.43 million for the quarter, compared to the consensus estimate of $69.25 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment.
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