Brokerages expect Twitter Inc (NYSE:TWTR) to report sales of $700.02 million for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Twitter’s earnings. The highest sales estimate is $716.00 million and the lowest is $681.60 million. Twitter reported sales of $573.86 million in the same quarter last year, which would suggest a positive year over year growth rate of 22%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, July 26th.
On average, analysts expect that Twitter will report full-year sales of $2.93 billion for the current fiscal year, with estimates ranging from $2.86 billion to $3.01 billion. For the next year, analysts anticipate that the company will report sales of $3.34 billion per share, with estimates ranging from $3.15 billion to $3.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Twitter.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Wednesday, April 25th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.15. The firm had revenue of $665.00 million for the quarter, compared to the consensus estimate of $607.56 million. Twitter had a net margin of 0.57% and a return on equity of 2.81%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 EPS.
TWTR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, April 12th. Morgan Stanley upgraded shares of Twitter from an “underweight” rating to an “equal weight” rating and set a $29.00 price target on the stock in a research report on Tuesday, April 17th. Pivotal Research dropped their target price on shares of Twitter from $21.00 to $20.00 and set a “sell” rating on the stock in a research report on Monday, April 2nd. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $35.33 target price on the stock in a research report on Monday, March 26th. Finally, UBS Group upgraded shares of Twitter from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 25th. Five analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.15.
Shares of NYSE TWTR opened at $43.67 on Friday. The company has a market capitalization of $33.71 billion, a PE ratio of 727.83, a PEG ratio of 5.50 and a beta of 0.90. Twitter has a 52-week low of $15.67 and a 52-week high of $47.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 10.23 and a current ratio of 10.23.
In other news, Director Evan Clark Williams sold 539,027 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $29.00, for a total value of $15,631,783.00. Following the completion of the sale, the director now owns 2,074,330 shares in the company, valued at approximately $60,155,570. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 5,159 shares of the company’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $44.44, for a total transaction of $229,265.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,330,984 shares of company stock valued at $121,560,626. Company insiders own 10.79% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. CNB Bank bought a new position in Twitter during the fourth quarter valued at about $101,000. Avestar Capital LLC bought a new position in Twitter during the fourth quarter valued at about $103,000. Fortis Advisors LLC bought a new position in Twitter during the first quarter valued at about $103,000. Centaurus Financial Inc. bought a new position in Twitter during the first quarter valued at about $104,000. Finally, We Are One Seven LLC bought a new position in Twitter during the fourth quarter valued at about $128,000. Hedge funds and other institutional investors own 59.57% of the company’s stock.
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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