Twin Disc (NASDAQ:TWIN) announced its earnings results on Friday, February 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05, Briefing.com reports. The company had revenue of $56.55 million during the quarter, compared to analysts’ expectations of $51.50 million. Twin Disc had a negative net margin of 0.70% and a positive return on equity of 2.92%. The firm’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) earnings per share.
Twin Disc (TWIN) traded down $0.04 during trading hours on Friday, hitting $26.65. 36,329 shares of the stock were exchanged, compared to its average volume of 58,327. Twin Disc has a twelve month low of $14.81 and a twelve month high of $31.95. The company has a current ratio of 2.88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $308.74, a price-to-earnings ratio of 85.97 and a beta of 1.55.
In related news, insider John H. Batten sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $27.31, for a total transaction of $81,930.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Denise Wilcox sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.25, for a total transaction of $136,250.00. Following the transaction, the vice president now directly owns 33,513 shares of the company’s stock, valued at approximately $913,229.25. The disclosure for this sale can be found here. Insiders have sold 9,750 shares of company stock valued at $267,548 in the last ninety days. 27.50% of the stock is currently owned by company insiders.
A number of brokerages have issued reports on TWIN. Robert W. Baird restated a “hold” rating on shares of Twin Disc in a research report on Friday, February 2nd. BidaskClub lowered shares of Twin Disc from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Zacks Investment Research lowered shares of Twin Disc from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 30th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.67.
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About Twin Disc
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.
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