Twin Disc, Incorporated (TWIN) Posts Quarterly Earnings Results

Twin Disc, Incorporated (NASDAQ:TWIN) announced its earnings results on Friday. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, MarketWatch Earnings reports. The firm had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $45.90 million. Twin Disc, had a negative net margin of 3.74% and a negative return on equity of 5.02%. The business’s revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) EPS.

Twin Disc, (NASDAQ:TWIN) traded up 0.85% during mid-day trading on Friday, reaching $22.64. 20,183 shares of the company were exchanged. The company has a 50 day moving average of $19.56 and a 200-day moving average of $18.07. Twin Disc, has a 1-year low of $10.01 and a 1-year high of $23.78. The company’s market capitalization is $262.01 million.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its holdings in shares of Twin Disc, by 3.4% in the 2nd quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock valued at $236,000 after buying an additional 479 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Twin Disc, by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 44,767 shares of the industrial products company’s stock valued at $921,000 after buying an additional 526 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Twin Disc, by 5.2% in the 1st quarter. Geode Capital Management LLC now owns 46,300 shares of the industrial products company’s stock valued at $952,000 after buying an additional 2,287 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Twin Disc, by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 342,338 shares of the industrial products company’s stock valued at $7,042,000 after buying an additional 3,271 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Twin Disc, by 9.1% in the 2nd quarter. California Public Employees Retirement System now owns 51,600 shares of the industrial products company’s stock valued at $833,000 after buying an additional 4,300 shares in the last quarter. Institutional investors own 49.07% of the company’s stock.

Several analysts have recently issued reports on TWIN shares. Zacks Investment Research upgraded shares of Twin Disc, from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, August 17th. TheStreet upgraded shares of Twin Disc, from a “d+” rating to a “c-” rating in a research report on Monday, August 28th.

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Twin Disc, Company Profile

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.

Earnings History for Twin Disc, (NASDAQ:TWIN)

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