Brokerages predict that Twitter Inc. (NYSE:TWTR) will announce sales of $609.87 million for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Twitter’s earnings, with the lowest sales estimate coming in at $598.72 million and the highest estimate coming in at $625.70 million. Twitter reported sales of $548.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, April 25th.
On average, analysts expect that Twitter will report full-year sales of $609.87 million for the current fiscal year, with estimates ranging from $2.45 billion to $2.79 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.97 billion per share, with estimates ranging from $2.60 billion to $3.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Twitter.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same period in the previous year, the business earned $0.11 EPS. The company’s revenue was up 2.0% on a year-over-year basis.
A number of equities analysts have recently weighed in on TWTR shares. Summit Redstone started coverage on shares of Twitter in a research note on Monday, December 18th. They issued a “buy” rating and a $26.00 price target on the stock. Vetr downgraded shares of Twitter from a “buy” rating to a “hold” rating and set a $29.35 price target on the stock. in a research note on Monday, February 12th. Jefferies Group reaffirmed a “hold” rating and issued a $22.00 price target on shares of Twitter in a research note on Monday, January 8th. Wedbush set a $18.00 price objective on shares of Twitter and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Citigroup upped their price objective on shares of Twitter from $25.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Twitter presently has a consensus rating of “Hold” and an average price target of $23.51.
Shares of NYSE:TWTR opened at $28.10 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. Twitter has a 12-month low of $14.12 and a 12-month high of $36.80. The firm has a market cap of $21,100.42, a price-to-earnings ratio of 468.33, a PEG ratio of 7.64 and a beta of 0.86.
In other news, Director Evan Clark Williams sold 18,347 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $24.17, for a total transaction of $443,446.99. Following the completion of the sale, the director now owns 2,291,665 shares of the company’s stock, valued at $55,389,543.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Matthew Derella sold 7,008 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $27.80, for a total transaction of $194,822.40. The disclosure for this sale can be found here. Insiders sold 2,271,075 shares of company stock valued at $72,908,543 in the last three months. Company insiders own 9.18% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TWTR. New York State Common Retirement Fund increased its holdings in shares of Twitter by 1.7% during the third quarter. New York State Common Retirement Fund now owns 1,484,200 shares of the social networking company’s stock worth $25,038,000 after buying an additional 25,500 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Twitter by 40.7% during the third quarter. Russell Investments Group Ltd. now owns 327,370 shares of the social networking company’s stock worth $5,522,000 after buying an additional 94,780 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Twitter during the third quarter worth approximately $232,000. Legal & General Group Plc increased its holdings in shares of Twitter by 7.2% during the third quarter. Legal & General Group Plc now owns 2,849,832 shares of the social networking company’s stock worth $48,076,000 after buying an additional 191,512 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Twitter during the third quarter worth approximately $229,000. 54.67% of the stock is owned by institutional investors.
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Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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