Twitter, Inc. (NYSE:TWTR) Scheduled to Post Earnings on Thursday
Twitter, Inc. (NYSE:TWTR) will post its quarterly earnings results before the market opens on Thursday, July 27th. Analysts expect Twitter to post earnings of $0.05 per share for the quarter.
Twitter (NYSE:TWTR) last issued its earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.27. The company had revenue of $548 million during the quarter, compared to analysts’ expectations of $513.04 million. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. Twitter’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts expect Twitter to post $0.33 EPS for the current fiscal year and $0.39 EPS for the next fiscal year.
Shares of Twitter, Inc. (NYSE TWTR) opened at 20.12 on Thursday. The company’s 50-day moving average price is $18.05 and its 200 day moving average price is $16.83. The stock’s market capitalization is $14.60 billion. Twitter, Inc. has a one year low of $14.12 and a one year high of $25.25.
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In other Twitter news, CEO Jack Dorsey acquired 574,002 shares of the business’s stock in a transaction on Friday, April 28th. The stock was bought at an average price of $16.62 per share, for a total transaction of $9,539,913.24. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Kaiden sold 4,569 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $17.35, for a total transaction of $79,272.15. The disclosure for this sale can be found here. Insiders sold a total of 2,764,042 shares of company stock worth $51,116,529 over the last ninety days. 9.18% of the stock is currently owned by corporate insiders.
Several research analysts have issued reports on TWTR shares. Jefferies Group LLC restated a “buy” rating and set a $20.00 target price on shares of Twitter in a research report on Tuesday, April 18th. Royal Bank Of Canada restated an “underperform” rating on shares of Twitter in a research report on Saturday, June 3rd. Wedbush restated a “neutral” rating and set a $14.00 target price (up previously from $13.00) on shares of Twitter in a research report on Wednesday, April 26th. Barclays PLC boosted their target price on Twitter from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Monday, May 1st. Finally, Pivotal Research restated a “hold” rating and set a $17.00 target price (up previously from $15.00) on shares of Twitter in a research report on Monday. Sixteen equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.84.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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