Zacks: Brokerages Expect Twin Disc, Incorporated (NASDAQ:TWIN) to Post -$0.13 EPS

Analysts expect Twin Disc, Incorporated (NASDAQ:TWIN) to report ($0.13) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Twin Disc’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.25). Twin Disc posted earnings per share of ($0.26) during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to announce its next quarterly earnings results on Friday, May 7th.

On average, analysts expect that Twin Disc will report full year earnings of ($0.80) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.70). For the next financial year, analysts expect that the business will post earnings of ($0.28) per share, with EPS estimates ranging from ($0.31) to ($0.25). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Twin Disc.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Thursday, January 28th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). The firm had revenue of $48.44 million for the quarter, compared to analyst estimates of $50.65 million. Twin Disc had a negative return on equity of 7.57% and a negative net margin of 16.04%.

Separately, Zacks Investment Research upgraded shares of Twin Disc from a “sell” rating to a “hold” rating in a report on Thursday, April 1st.

Shares of NASDAQ TWIN traded up $0.09 during midday trading on Friday, reaching $10.04. 17,017 shares of the stock were exchanged, compared to its average volume of 29,791. The company has a 50 day simple moving average of $9.56 and a 200 day simple moving average of $7.83. The stock has a market capitalization of $136.99 million, a P/E ratio of -3.54 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.75 and a current ratio of 2.49. Twin Disc has a twelve month low of $4.66 and a twelve month high of $10.48.

A number of institutional investors have recently bought and sold shares of the stock. Crescent Capital Consulting LLC purchased a new position in Twin Disc in the 4th quarter valued at approximately $63,000. Squarepoint Ops LLC purchased a new position in Twin Disc in the 3rd quarter valued at approximately $111,000. Susquehanna International Group LLP purchased a new position in Twin Disc in the 4th quarter valued at approximately $132,000. BlackRock Inc. boosted its position in Twin Disc by 2.1% in the 4th quarter. BlackRock Inc. now owns 213,528 shares of the industrial products company’s stock valued at $1,676,000 after buying an additional 4,400 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in Twin Disc by 4.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,678,433 shares of the industrial products company’s stock valued at $13,176,000 after buying an additional 78,524 shares during the period. Hedge funds and other institutional investors own 50.09% of the company’s stock.

About Twin Disc

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.

Further Reading: P/E Growth (PEG)

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