$1.22 Billion in Sales Expected for Twitter, Inc. (NYSE:TWTR) This Quarter

Equities analysts expect Twitter, Inc. (NYSE:TWTRGet Rating) to report $1.22 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Twitter’s earnings, with the highest sales estimate coming in at $1.31 billion and the lowest estimate coming in at $1.18 billion. Twitter posted sales of $1.04 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 17.3%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Twitter will report full-year sales of $6.00 billion for the current year, with estimates ranging from $5.90 billion to $6.12 billion. For the next year, analysts forecast that the business will post sales of $7.35 billion, with estimates ranging from $7.08 billion to $7.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Twitter.

Twitter (NYSE:TWTRGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The social networking company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Twitter had a negative net margin of 4.36% and a negative return on equity of 4.37%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the firm earned $0.28 EPS. The business’s quarterly revenue was up 21.6% compared to the same quarter last year.

Several analysts have recently weighed in on TWTR shares. Barclays lowered their price objective on shares of Twitter from $64.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, February 11th. Cowen lowered their price objective on shares of Twitter from $67.00 to $50.00 in a research report on Thursday, January 13th. Bank of America decreased their target price on shares of Twitter from $79.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Wolfe Research decreased their target price on shares of Twitter from $52.00 to $45.00 and set a “peer perform” rating on the stock in a research report on Friday, February 11th. Finally, Loop Capital decreased their target price on shares of Twitter from $65.00 to $51.00 in a research report on Monday, March 28th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Twitter presently has a consensus rating of “Hold” and a consensus price target of $51.06.

NYSE:TWTR traded down $2.53 during trading hours on Thursday, hitting $44.48. The stock had a trading volume of 60,507,096 shares, compared to its average volume of 31,812,338. The company has a 50 day simple moving average of $37.50 and a two-hundred day simple moving average of $44.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.89 and a quick ratio of 5.89. The firm has a market capitalization of $35.61 billion, a price-to-earnings ratio of -148.26 and a beta of 0.80. Twitter has a one year low of $31.30 and a one year high of $73.34.

Twitter declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 10th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the social networking company to purchase up to 14% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, CAO Robert Kaiden sold 5,614 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $37.04, for a total transaction of $207,942.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $32.27, for a total transaction of $161,350.00. The disclosure for this sale can be found here. Insiders sold 15,614 shares of company stock valued at $546,043 over the last ninety days. Corporate insiders own 2.56% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Robeco Institutional Asset Management B.V. raised its position in Twitter by 36.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 178,339 shares of the social networking company’s stock worth $10,771,000 after acquiring an additional 47,657 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Twitter by 15.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 29,825 shares of the social networking company’s stock worth $1,801,000 after acquiring an additional 3,891 shares during the period. Retirement Systems of Alabama raised its position in Twitter by 9.6% in the third quarter. Retirement Systems of Alabama now owns 1,321,796 shares of the social networking company’s stock worth $79,823,000 after acquiring an additional 116,040 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Twitter in the third quarter worth $393,000. Finally, Thunderbird Partners LLP purchased a new stake in shares of Twitter in the third quarter worth $57,893,000. 78.96% of the stock is owned by hedge funds and other institutional investors.

About Twitter (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces.

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