Twin Disc (TWIN) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors grew its stake in Twin Disc by 229.5% during the second quarter. Nationwide Fund Advisors now owns 6,590 shares of the industrial products company’s stock worth $106,000 after buying an additional 4,590 shares during the period. New York State Common Retirement Fund purchased a new stake in Twin Disc during the second quarter worth approximately $147,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Twin Disc during the fourth quarter worth approximately $259,000. Rhumbline Advisers purchased a new stake in Twin Disc during the second quarter worth approximately $163,000. Finally, Advisor Group Inc. grew its stake in Twin Disc by 3.4% during the second quarter. Advisor Group Inc. now owns 14,650 shares of the industrial products company’s stock worth $236,000 after buying an additional 479 shares during the period. Institutional investors own 51.83% of the company’s stock.

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.

Earnings History for Twin Disc (NASDAQ:TWIN)

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