$9.80 Million in Sales Expected for Twin River Worldwide Holdings Inc (NYSE:TRWH) This Quarter

Analysts expect that Twin River Worldwide Holdings Inc (NYSE:TRWH) will post sales of $9.80 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Twin River Worldwide’s earnings, with estimates ranging from $9.00 million to $10.60 million. Twin River Worldwide reported sales of $143.22 million in the same quarter last year, which would suggest a negative year over year growth rate of 93.2%. The firm is scheduled to issue its next quarterly earnings results on Monday, August 10th.

According to Zacks, analysts expect that Twin River Worldwide will report full year sales of $293.85 million for the current financial year, with estimates ranging from $247.60 million to $346.94 million. For the next fiscal year, analysts expect that the firm will report sales of $661.48 million, with estimates ranging from $597.14 million to $747.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Twin River Worldwide.

Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.24). The company had revenue of $109.15 million for the quarter, compared to analyst estimates of $125.10 million. Twin River Worldwide had a return on equity of 16.64% and a net margin of 5.60%.

Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Twin River Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Stifel Nicolaus cut their target price on shares of Twin River Worldwide from $36.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. SunTrust Banks upped their target price on shares of Twin River Worldwide from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, ValuEngine upgraded shares of Twin River Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, April 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.40.

Shares of NYSE TRWH opened at $18.79 on Friday. The firm’s 50-day simple moving average is $13.97 and its 200 day simple moving average is $21.36. The company has a market cap of $564.52 million, a price-to-earnings ratio of 26.10 and a beta of 1.97. The company has a quick ratio of 5.00, a current ratio of 5.10 and a debt-to-equity ratio of 5.53. Twin River Worldwide has a 12-month low of $7.22 and a 12-month high of $32.30.

Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in shares of Twin River Worldwide in the 4th quarter valued at approximately $44,000. Great West Life Assurance Co. Can acquired a new stake in shares of Twin River Worldwide in the 4th quarter valued at approximately $48,000. Acadian Asset Management LLC acquired a new stake in shares of Twin River Worldwide in the 1st quarter valued at approximately $27,000. Bank of Montreal Can raised its position in shares of Twin River Worldwide by 37.8% in the 4th quarter. Bank of Montreal Can now owns 2,374 shares of the company’s stock valued at $61,000 after acquiring an additional 651 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Twin River Worldwide by 394.8% in the 1st quarter. Meeder Asset Management Inc. now owns 3,320 shares of the company’s stock valued at $43,000 after acquiring an additional 2,649 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

About Twin River Worldwide

There is no company description available for Twin River Worldwide Holdings Inc

Featured Story: Cost of Debt

Get a free copy of the Zacks research report on Twin River Worldwide (TRWH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Twin River Worldwide (NYSE:TRWH)

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



Leave a Reply