Twin Disc (TWIN) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Twin Disc (NASDAQ:TWIN) released its earnings data on Tuesday. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.03, AnalystRatings.NET reports. The company had revenue of $73.56 million for the quarter, compared to the consensus estimate of $74.90 million. During the same quarter last year, the company posted $0.18 earnings per share. Twin Disc’s revenue was down 3.1% compared to the same quarter last year.
Shares of Twin Disc (NASDAQ:TWIN) traded up 1.45% on Tuesday, hitting $29.48. 15,044 shares of the company’s stock traded hands. Twin Disc has a one year low of $18.67 and a one year high of $34.34. The stock has a 50-day moving average of $31.82 and a 200-day moving average of $28.18. The company has a market cap of $332.1 million and a P/E ratio of 244.20.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.