Twitter (NYSE:TWTR) released its quarterly earnings data on Thursday. The social networking company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05, Bloomberg Earnings reports. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. Twitter’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share.
Shares of Twitter (NYSE TWTR) opened at $31.51 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The company has a market capitalization of $22,417.51, a price-to-earnings ratio of 603.60, a P/E/G ratio of 13.16 and a beta of 1.14. Twitter has a 52 week low of $14.12 and a 52 week high of $35.00.
In related news, insider Robert Kaiden sold 12,734 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $24.99, for a total transaction of $318,222.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 1,982,985 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total value of $41,880,643.20. Following the sale, the director now directly owns 2,401,747 shares in the company, valued at approximately $50,724,896.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,225,011 shares of company stock worth $69,509,411. Corporate insiders own 10.79% of the company’s stock.
A number of research analysts have recently weighed in on TWTR shares. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Goldman Sachs Group set a $26.00 price target on Twitter and gave the company a “buy” rating in a research report on Friday, October 27th. Vetr upgraded Twitter from a “hold” rating to a “buy” rating and set a $22.96 price target for the company in a research report on Monday, October 30th. Argus upgraded Twitter from a “hold” rating to a “buy” rating and raised their price target for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Finally, Summit Redstone started coverage on Twitter in a research report on Monday, December 18th. They issued a “buy” rating and a $26.00 price target for the company. Nine research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.56.
COPYRIGHT VIOLATION WARNING: “Twitter (TWTR) Announces Quarterly Earnings Results” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2018/02/10/twitter-twtr-announces-quarterly-earnings-results.html.
Twitter Company Profile
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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.