Twin Disc, Incorporated (NASDAQ:TWIN) Expected to Announce Earnings of $0.33 Per Share

Equities research analysts expect Twin Disc, Incorporated (NASDAQ:TWIN) to post $0.33 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Twin Disc’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.21. Twin Disc reported earnings of $0.63 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 47.6%. The firm is scheduled to report its next quarterly earnings report on Monday, August 5th.

According to Zacks, analysts expect that Twin Disc will report full year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.35. For the next financial year, analysts anticipate that the firm will report earnings of $1.35 per share, with EPS estimates ranging from $1.10 to $1.60. Zacks’ EPS averages are an average based on a survey of research analysts that cover Twin Disc.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.09). The firm had revenue of $77.42 million during the quarter, compared to the consensus estimate of $85.70 million. Twin Disc had a return on equity of 10.87% and a net margin of 5.74%.

TWIN has been the topic of several research analyst reports. TheStreet cut shares of Twin Disc from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded shares of Twin Disc from a “sell” rating to a “hold” rating in a research note on Saturday, April 6th. Finally, BidaskClub cut shares of Twin Disc from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.00.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in Twin Disc by 40.5% during the 4th quarter. Rhumbline Advisers now owns 13,183 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 3,800 shares during the period. Vanguard Group Inc. lifted its stake in Twin Disc by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 511,570 shares of the industrial products company’s stock valued at $11,787,000 after acquiring an additional 87,840 shares during the period. First Trust Advisors LP increased its position in shares of Twin Disc by 34.4% during the 4th quarter. First Trust Advisors LP now owns 17,928 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 4,590 shares during the last quarter. Walthausen & Co. LLC increased its position in shares of Twin Disc by 93.7% during the 4th quarter. Walthausen & Co. LLC now owns 154,290 shares of the industrial products company’s stock valued at $2,276,000 after purchasing an additional 74,618 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Twin Disc during the 4th quarter valued at about $403,000. Institutional investors and hedge funds own 56.81% of the company’s stock.

TWIN opened at $13.99 on Friday. The company has a current ratio of 3.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a market cap of $187.31 million, a price-to-earnings ratio of 10.14 and a beta of 2.11. Twin Disc has a 52-week low of $13.33 and a 52-week high of $27.97.

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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