Twin Disc, Incorporated (NASDAQ:TWIN) Expected to Announce Earnings of -$0.22 Per Share

Wall Street analysts forecast that Twin Disc, Incorporated (NASDAQ:TWIN) will announce earnings per share of ($0.22) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Twin Disc’s earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.24). Twin Disc posted earnings per share of $0.24 during the same quarter last year, which indicates a negative year over year growth rate of 191.7%. The business is expected to announce its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Twin Disc will report full year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from ($0.21) to $0.58. For the next fiscal year, analysts expect that the company will report earnings of $1.10 per share, with EPS estimates ranging from $0.73 to $1.46. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Twin Disc.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, August 9th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.20). Twin Disc had a return on equity of 6.75% and a net margin of 4.07%. The firm had revenue of $72.45 million for the quarter, compared to the consensus estimate of $72.85 million.

Several equities research analysts have issued reports on TWIN shares. ValuEngine raised Twin Disc from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Twin Disc from a “sell” rating to a “hold” rating in a research note on Saturday, October 12th. Finally, Robert W. Baird set a $14.00 price target on Twin Disc and gave the stock a “hold” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Twin Disc presently has a consensus rating of “Hold” and a consensus price target of $17.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Twin Disc by 8.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock worth $360,000 after buying an additional 1,948 shares during the period. LPL Financial LLC purchased a new position in Twin Disc during the 2nd quarter valued at about $456,000. US Bancorp DE increased its holdings in Twin Disc by 31.6% during the 2nd quarter. US Bancorp DE now owns 32,827 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 7,889 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Twin Disc by 30.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 35,510 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 8,220 shares during the period. Finally, Granite Investment Partners LLC purchased a new position in Twin Disc during the 2nd quarter valued at about $542,000. Hedge funds and other institutional investors own 56.36% of the company’s stock.

TWIN stock traded up $0.09 during mid-day trading on Monday, hitting $10.07. 30,382 shares of the stock were exchanged, compared to its average volume of 31,783. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.05. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $13.38. Twin Disc has a 12 month low of $9.60 and a 12 month high of $21.95. The stock has a market capitalization of $135.19 million, a price-to-earnings ratio of 12.13 and a beta of 1.97.

Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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