FY2017 EPS Estimates for Twitter Inc (TWTR) Lowered by Analyst

Twitter Inc (NYSE:TWTR) – Equities research analysts at Jefferies Group reduced their FY2017 earnings per share estimates for Twitter in a report issued on Thursday. Jefferies Group analyst B. Thill now forecasts that the social networking company will earn $0.02 per share for the year, down from their prior estimate of $0.03. Jefferies Group has a “Hold” rating and a $22.00 price target on the stock. Jefferies Group also issued estimates for Twitter’s Q4 2017 earnings at $0.05 EPS.

Other research analysts have also issued reports about the company. BidaskClub raised Twitter from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective for the company. in a research report on Wednesday, October 4th. Goldman Sachs Group set a $26.00 price objective on Twitter and gave the stock a “buy” rating in a research report on Friday, October 27th. Argus raised Twitter from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $19.71 to $25.00 in a research report on Friday, November 3rd. Finally, Summit Redstone began coverage on Twitter in a research note on Monday, December 18th. They issued a “buy” rating and a $26.00 target price for the company. Ten research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.90.

Twitter (TWTR) opened at $23.66 on Monday. Twitter has a 12-month low of $14.12 and a 12-month high of $25.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The firm has a market capitalization of $17,570.00, a PE ratio of -46.39, a PEG ratio of 10.32 and a beta of 1.11.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Comerica Bank boosted its stake in shares of Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock worth $557,000 after buying an additional 489 shares during the last quarter. Federated Investors Inc. PA purchased a new position in shares of Twitter in the 2nd quarter worth approximately $174,000. Prudential Financial Inc. boosted its stake in shares of Twitter by 6.9% in the 2nd quarter. Prudential Financial Inc. now owns 43,650 shares of the social networking company’s stock worth $780,000 after buying an additional 2,800 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Twitter by 72.9% in the 2nd quarter. Principal Financial Group Inc. now owns 73,460 shares of the social networking company’s stock worth $1,313,000 after buying an additional 30,980 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Twitter in the 2nd quarter worth approximately $449,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.

In other Twitter news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $24.27, for a total transaction of $445,281.69. Following the completion of the transaction, the director now owns 2,328,359 shares in the company, valued at approximately $56,509,272.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 1,186 shares of Twitter stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total value of $28,985.84. The disclosure for this sale can be found here. Insiders have sold a total of 5,320,712 shares of company stock valued at $113,341,301 in the last quarter. Company insiders own 10.79% of the company’s stock.

WARNING: “FY2017 EPS Estimates for Twitter Inc (TWTR) Lowered by Analyst” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/22/fy2017-eps-estimates-for-twitter-inc-twtr-lowered-by-analyst.html.

About Twitter

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.

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply