Wall Street analysts expect Twitter Inc (NYSE:TWTR) to post $876.26 million in sales for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Twitter’s earnings. The highest sales estimate is $885.30 million and the lowest is $864.30 million. Twitter reported sales of $758.11 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, October 24th.
According to Zacks, analysts expect that Twitter will report full year sales of $3.56 billion for the current financial year, with estimates ranging from $3.54 billion to $3.58 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.14 billion, with estimates ranging from $4.01 billion to $4.37 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Twitter.
Twitter (NYSE:TWTR) last released its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The firm had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.
Several analysts have weighed in on the stock. Barclays set a $34.00 target price on shares of Twitter and gave the company a “sell” rating in a research note on Friday, July 26th. Cascend Securities boosted their target price on shares of Twitter from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Goldman Sachs Group set a $52.00 target price on shares of Twitter and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research lowered shares of Twitter from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Monday, September 30th. Finally, Royal Bank of Canada boosted their target price on shares of Twitter to $42.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have issued a buy rating to the company’s stock. Twitter has an average rating of “Hold” and a consensus price target of $41.19.
In related news, VP Matthew Derella sold 4,668 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $39.68, for a total value of $185,226.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ned D. Segal sold 8,000 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $40.37, for a total transaction of $322,960.00. The disclosure for this sale can be found here. Insiders sold a total of 141,087 shares of company stock valued at $5,773,613 in the last quarter. 2.65% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TWTR. Resources Investment Advisors LLC. acquired a new stake in Twitter in the 2nd quarter valued at about $30,000. Ellevest Inc. lifted its holdings in Twitter by 4,150.0% in the 2nd quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock valued at $30,000 after acquiring an additional 830 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Twitter by 74,500.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 745 shares during the last quarter. Whittier Trust Co. lifted its holdings in Twitter by 77.9% in the 3rd quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 327 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Twitter by 55.7% in the 3rd quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock valued at $34,000 after acquiring an additional 299 shares during the last quarter. 69.28% of the stock is owned by institutional investors.
TWTR stock traded up $1.10 during trading on Wednesday, hitting $40.09. 9,564,770 shares of the company’s stock traded hands, compared to its average volume of 14,853,732. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. Twitter has a 52 week low of $26.26 and a 52 week high of $45.85. The stock has a fifty day moving average price of $41.67 and a two-hundred day moving average price of $38.92. The stock has a market capitalization of $30.62 billion, a price-to-earnings ratio of 72.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.59.
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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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