Twin Disc (TWIN) Announces Earnings Results, Beats Estimates By $0.05 EPS

Twin Disc (NASDAQ:TWIN) posted its quarterly earnings data on Friday. The industrial products company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05, Briefing.com reports. Twin Disc had a negative net margin of 0.12% and a positive return on equity of 0.27%. The firm had revenue of $56.55 million for the quarter, compared to analyst estimates of $51.50 million. During the same period last year, the firm posted ($0.26) EPS. Twin Disc’s quarterly revenue was up 68.0% on a year-over-year basis.

Shares of Twin Disc (NASDAQ:TWIN) opened at $31.03 on Friday. Twin Disc has a fifty-two week low of $14.81 and a fifty-two week high of $31.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.12 and a quick ratio of 1.42. The company has a market capitalization of $359.70, a price-to-earnings ratio of -238.67 and a beta of 1.55.

A number of equities analysts recently weighed in on TWIN shares. Zacks Investment Research upgraded shares of Twin Disc from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, November 2nd. BidaskClub lowered shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $28.00 price objective on shares of Twin Disc in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $25.67.

In other Twin Disc news, VP Denise Wilcox sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $27.25, for a total value of $136,250.00. Following the completion of the sale, the vice president now owns 33,513 shares of the company’s stock, valued at $913,229.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Scott Knutson sold 1,750 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $28.21, for a total value of $49,367.50. The disclosure for this sale can be found here. In the last three months, insiders sold 11,250 shares of company stock valued at $304,988. 27.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in TWIN. Nationwide Fund Advisors lifted its holdings in Twin Disc by 229.5% in the second quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,590 shares during the period. New York State Common Retirement Fund acquired a new stake in Twin Disc in the second quarter valued at $147,000. Rhumbline Advisers acquired a new stake in Twin Disc in the second quarter valued at $163,000. Advisor Group Inc. lifted its holdings in Twin Disc by 3.4% in the second quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 479 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in Twin Disc in the second quarter valued at $244,000. 52.48% of the stock is owned by institutional investors.

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About Twin Disc

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.

Earnings History for Twin Disc (NASDAQ:TWIN)

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