Twin Disc (NASDAQ:TWIN) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a one year consensus price target of $30.00 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Twin Disc an industry rank of 61 out of 265 based on the ratings given to related companies.
A number of research analysts have recently commented on the company. BidaskClub cut Twin Disc from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 3rd. Robert W. Baird reaffirmed a “hold” rating on shares of Twin Disc in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut Twin Disc from a “strong-buy” rating to a “hold” rating in a research report on Saturday, December 30th.
Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Twin Disc had a positive return on equity of 2.92% and a negative net margin of 0.70%. The firm had revenue of $56.55 million for the quarter, compared to analysts’ expectations of $51.50 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s revenue for the quarter was up 68.0% compared to the same quarter last year. equities analysts expect that Twin Disc will post 0.44 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its holdings in Twin Disc by 4.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 619,446 shares of the industrial products company’s stock worth $11,528,000 after purchasing an additional 27,476 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Twin Disc by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 615,564 shares of the industrial products company’s stock worth $11,456,000 after purchasing an additional 25,262 shares in the last quarter. BlackRock Inc. lifted its holdings in Twin Disc by 7.1% during the 4th quarter. BlackRock Inc. now owns 596,314 shares of the industrial products company’s stock worth $15,845,000 after purchasing an additional 39,467 shares in the last quarter. Teton Advisors Inc. lifted its holdings in Twin Disc by 3.0% during the 4th quarter. Teton Advisors Inc. now owns 348,069 shares of the industrial products company’s stock worth $9,248,000 after purchasing an additional 10,000 shares in the last quarter. Finally, State Street Corp purchased a new stake in Twin Disc during the 2nd quarter worth about $1,406,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.
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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. It offers 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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