Analysts Anticipate Twitter Inc (NYSE:TWTR) to Post $0.28 EPS

Analysts forecast that Twitter Inc (NYSE:TWTR) will post $0.28 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Twitter’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.36. Twitter posted earnings per share of $0.31 during the same quarter last year, which indicates a negative year over year growth rate of 9.7%. The firm is expected to report its next earnings results 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 forecast that the firm will post earnings of $0.87 per share, with EPS estimates ranging from ($0.03) to $1.16. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Twitter.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 24th. The social networking company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Twitter had a return on equity of 6.07% and a net margin of 47.67%. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $875.21 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.

Several research firms have commented on TWTR. Robert W. Baird lowered their price objective on Twitter from $40.00 to $39.00 in a research report on Thursday, October 24th. Cowen set a $41.00 price objective on Twitter and gave the stock a “hold” rating in a research report on Monday, October 21st. Cfra upgraded Twitter to a “hold” rating and set a $41.00 price objective on the stock in a research report on Wednesday, July 31st. Bank of America set a $39.00 price objective on Twitter and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Goldman Sachs Group lowered Twitter from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $34.00 in a research report on Thursday, October 24th. Five analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.61.

In related news, VP Matthew Derella sold 4,668 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $39.68, for a total value of $185,226.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robert Kaiden sold 9,685 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $29.72, for a total value of $287,838.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,450 shares of company stock valued at $3,584,723. 2.65% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Twitter by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock worth $2,735,204,000 after acquiring an additional 1,510,879 shares during the last quarter. Northern Trust Corp increased its stake in shares of Twitter by 5.9% in the 2nd 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 last quarter. Nuveen Asset Management LLC increased its stake in shares of Twitter by 17,011.6% in the 2nd 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 during the last quarter. Renaissance Technologies LLC increased its stake in shares of Twitter by 331.4% in the 2nd 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 during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of 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 worth $206,592,000 after acquiring an additional 1,110,127 shares during the last quarter. 69.23% of the stock is owned by hedge funds and other institutional investors.

Twitter stock traded up $0.16 during mid-day trading on Tuesday, hitting $29.21. The company had a trading volume of 10,499,561 shares, compared to its average volume of 15,762,041. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.28. Twitter has a 12-month low of $26.26 and a 12-month high of $45.85. The company’s fifty day moving average is $37.15 and its 200-day moving average is $38.58. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 0.52 and a beta of 0.58.

About Twitter

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.

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