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Twin Disc (NASDAQ:TWIN) Director David R. Zimmer sold 1,500 shares of Twin Disc stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $23.69, for a total transaction of $35,535.00. Following the transaction, the director now directly owns 17,007 shares in the company, valued at approximately $402,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Twin Disc (NASDAQ:TWIN) traded down 1.55% during mid-day trading on Friday, hitting $23.57. 23,776 shares of the company’s stock traded hands. Twin Disc has a 52-week low of $18.67 and a 52-week high of $29.00. The stock has a 50-day moving average of $26.29 and a 200-day moving average of $26.13. The company has a market cap of $265.5 million and a price-to-earnings ratio of 70.41.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.15. The company had revenue of $63.20 million for the quarter, compared to the consensus estimate of $67.55 million. During the same quarter last year, the company posted $0.29 earnings per share. Twin Disc’s revenue was down 12.6% compared to the same quarter last year. On average, analysts predict that Twin Disc will post $0.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of 0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, February 12th.

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment.

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