Twitter Inc (NYSE:TWTR) Expected to Announce Earnings of $0.28 Per Share

Wall Street analysts forecast that Twitter Inc (NYSE:TWTR) will report earnings per share of $0.28 for the current quarter, according to Zacks. Ten analysts have made estimates for Twitter’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.18. Twitter reported earnings per share of $0.31 in the same quarter last year, which suggests a negative year over year growth rate of 9.7%. The company is expected to announce its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Twitter will report full-year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.28 to $2.51. For the next fiscal year, analysts expect that the firm will post earnings of $0.84 per share, with EPS estimates ranging from ($0.03) to $1.11. Zacks’ EPS averages are an average based on a survey of analysts that cover Twitter.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $875.21 million. Twitter had a return on equity of 6.07% and a net margin of 47.67%. Twitter’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS.

Several research firms recently issued reports on TWTR. Cowen set a $41.00 price target on shares of Twitter and gave the company a “hold” rating in a report on Monday, October 21st. ValuEngine downgraded Twitter from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. MKM Partners reissued a “neutral” rating and set a $44.00 price target on shares of Twitter in a research report on Friday, October 18th. Citigroup set a $45.00 price objective on shares of Twitter and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Zacks Investment Research downgraded shares of Twitter from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Monday, September 30th. Five equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have given a buy rating to the company. Twitter currently has a consensus rating of “Hold” and a consensus price target of $37.24.

In other news, CAO Robert Kaiden sold 9,685 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $29.72, for a total value of $287,838.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $43.78, for a total transaction of $54,725.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,950 shares of company stock worth $3,576,078 in the last ninety days. 2.65% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Twitter by 2.0% in the second quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock valued at $2,735,204,000 after buying an additional 1,510,879 shares during the period. Northern Trust Corp grew its holdings in Twitter by 5.9% during the second quarter. Northern Trust Corp now owns 11,390,324 shares of the social networking company’s stock worth $397,522,000 after acquiring an additional 630,885 shares during the period. Nuveen Asset Management LLC raised its position in Twitter by 17,011.6% in the second quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock worth $366,266,000 after acquiring an additional 10,433,413 shares in the last quarter. Renaissance Technologies LLC raised its position in Twitter by 331.4% in the second quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock worth $256,082,000 after acquiring an additional 5,636,902 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Twitter by 23.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock valued at $206,592,000 after acquiring an additional 1,110,127 shares during the last quarter. 71.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TWTR stock traded up $0.03 during mid-day trading on Friday, reaching $30.00. 9,758,261 shares of the company were exchanged, compared to its average volume of 15,602,421. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.69 and a current ratio of 8.69. The business’s 50 day simple moving average is $31.78 and its 200 day simple moving average is $37.54. The company has a market capitalization of $24.00 billion, a P/E ratio of 54.55, a P/E/G ratio of 0.54 and a beta of 0.59. Twitter has a fifty-two week low of $26.26 and a fifty-two week high of $45.85.

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, 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.

Recommended Story: Why do company’s buyback their stock?

Get a free copy of the Zacks research report on Twitter (TWTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.