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
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