Twin Disc (TWIN) Set to Announce Quarterly Earnings on Friday

Twin Disc (NASDAQ:TWIN – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 29th. Analysts expect Twin Disc to post earnings of ($0.02) per share for the quarter.

Twin Disc (NASDAQ:TWIN – Get Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The industrial products company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). Twin Disc had a negative net margin of 6.27% and a negative return on equity of 0.61%. The business had revenue of $59.89 million for the quarter, compared to analyst estimates of $60.50 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. On average, analysts expect Twin Disc to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ TWIN opened at $15.57 on Friday. The company has a current ratio of 2.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Twin Disc has a 12 month low of $9.40 and a 12 month high of $18.20. The company has a 50 day simple moving average of $14.69 and a two-hundred day simple moving average of $12.91. The stock has a market cap of $212.72 million, a price-to-earnings ratio of -14.15 and a beta of 1.59.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in Twin Disc by 3.9% in the 4th quarter. Northern Trust Corp now owns 23,802 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 889 shares in the last quarter. Geode Capital Management LLC increased its holdings in Twin Disc by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 76,482 shares of the industrial products company’s stock worth $815,000 after acquiring an additional 1,260 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Twin Disc by 0.7% during the fourth quarter. BlackRock Inc. now owns 182,622 shares of the industrial products company’s stock worth $2,001,000 after buying an additional 1,323 shares in the last quarter. Morgan Stanley grew its holdings in shares of Twin Disc by 35.2% during the second quarter. Morgan Stanley now owns 7,323 shares of the industrial products company’s stock worth $104,000 after buying an additional 1,905 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of Twin Disc by 140.0% during the fourth quarter. Susquehanna International Group LLP now owns 36,539 shares of the industrial products company’s stock worth $400,000 after buying an additional 21,312 shares in the last quarter. 61.78% of the stock is owned by institutional investors.

TWIN has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Twin Disc in a research note on Tuesday. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Twin Disc from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 6th.

About Twin Disc (Get Rating)

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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