$690.26 Million in Sales Expected for Twitter Inc (TWTR) This Quarter

Analysts forecast that Twitter Inc (NYSE:TWTR) will report sales of $690.26 million for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Twitter’s earnings, with estimates ranging from $678.90 million to $699.76 million. Twitter posted sales of $717.21 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.8%. The firm is scheduled to report its next earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Twitter will report full year sales of $690.26 million for the current fiscal year, with estimates ranging from $2.36 billion to $2.41 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.58 billion per share, with estimates ranging from $2.45 billion to $2.66 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Twitter.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the 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 analysts’ expectations of $586.22 million. During the same period in the prior year, the company earned $0.09 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis.

Several research firms have weighed in on TWTR. Stifel Nicolaus restated a “hold” rating and set a $21.00 target price (up from $17.00) on shares of Twitter in a research note on Friday, January 19th. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $27.61 price target for the company in a report on Wednesday, January 17th. Aegis upgraded shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, January 12th. Finally, BTIG Research upped their price target on shares of Twitter from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Ten investment analysts have rated the stock with a sell rating, twenty have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.90.

In related news, Director Evan Clark Williams sold 2,000,300 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total value of $42,126,318.00. Following the completion of the sale, the director now directly owns 2,530,241 shares in the company, valued at $53,286,875.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Kaiden sold 5,926 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $19.51, for a total value of $115,616.26. The disclosure for this sale can be found here. Insiders sold 5,354,059 shares of company stock valued at $114,100,190 over the last 90 days. 10.79% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Balentine LLC grew its holdings in Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after acquiring an additional 3,167 shares during the period. Toronto Dominion Bank grew its holdings in Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after acquiring an additional 1,333 shares during the period. Malaga Cove Capital LLC acquired a new stake in Twitter during the 3rd quarter worth about $154,000. Rockland Trust Co. acquired a new stake in Twitter during the 4th quarter worth about $219,000. Finally, Staley Capital Advisers Inc. acquired a new stake in Twitter during the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 50.45% of the company’s stock.

Shares of Twitter (TWTR) opened at $24.27 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. Twitter has a 12 month low of $14.12 and a 12 month high of $25.85. The firm has a market capitalization of $18,030.00, a price-to-earnings ratio of -47.59, a price-to-earnings-growth ratio of 9.66 and a beta of 1.11.

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Twitter Company Profile

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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