Twin Disc, Incorporated (TWIN) Scheduled to Post Earnings on Monday
Twin Disc, Incorporated (NASDAQ:TWIN) is set to post its quarterly earnings results before the market opens on Monday, October 30th.
Twin Disc, (NASDAQ:TWIN) last issued its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The business had revenue of $53.59 million for the quarter, compared to the consensus estimate of $49.65 million. Twin Disc, had a negative net margin of 3.74% and a negative return on equity of 5.02%. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, analysts expect Twin Disc, to post $0.01 EPS for the current fiscal year and $0.1 EPS for the next fiscal year.
Shares of Twin Disc, Incorporated (NASDAQ TWIN) traded down 1.17% during mid-day trading on Monday, hitting $22.87. 5,527 shares of the stock traded hands. Twin Disc, Incorporated has a 12-month low of $10.01 and a 12-month high of $23.78. The stock’s market cap is $264.65 million. The firm’s 50 day moving average price is $18.91 and its 200-day moving average price is $17.95.
An institutional investor recently bought a new position in Twin Disc, stock. California State Teachers Retirement System bought a new stake in Twin Disc, Incorporated (NASDAQ:TWIN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,100 shares of the industrial products company’s stock, valued at approximately $244,000. California State Teachers Retirement System owned approximately 0.13% of Twin Disc, as of its most recent SEC filing. 49.08% of the stock is currently owned by institutional investors.
Several research firms have recently commented on TWIN. Zacks Investment Research upgraded shares of Twin Disc, from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. TheStreet upgraded shares of Twin Disc, from a “d+” rating to a “c-” rating in a research report on Monday, August 28th.
Twin Disc, Company Profile
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.
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