Q1 2018 EPS Estimates for Twin Disc, Incorporated (NASDAQ:TWIN) Boosted by Seaport Global Securities
Twin Disc, Incorporated (NASDAQ:TWIN) – Investment analysts at Seaport Global Securities raised their Q1 2018 earnings per share estimates for shares of Twin Disc, in a research note issued on Tuesday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.07 per share for the quarter, up from their prior estimate of ($0.06). Seaport Global Securities currently has a “Neutral” rating and a $24.00 target price on the stock. Seaport Global Securities also issued estimates for Twin Disc,’s Q2 2018 earnings at $0.06 EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at $0.05 EPS, Q1 2019 earnings at ($0.05) EPS and FY2019 earnings at $0.13 EPS.
Separately, Zacks Investment Research raised Twin Disc, from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th.
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Shares of Twin Disc, (NASDAQ:TWIN) traded down 0.63% during trading on Thursday, hitting $17.47. 3,707 shares of the stock were exchanged. The stock’s 50 day moving average price is $16.82 and its 200 day moving average price is $18.03. The stock’s market cap is $201.24 million. Twin Disc, has a one year low of $9.91 and a one year high of $21.75.
Twin Disc, (NASDAQ:TWIN) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $53.59 million for the quarter, compared to analyst estimates of $49.65 million. Twin Disc, had a negative net margin of 3.74% and a negative return on equity of 5.15%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share.
In other news, VP Dean Bratel sold 5,000 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $19.72, for a total value of $98,600.00. Following the completion of the transaction, the vice president now owns 39,229 shares of the company’s stock, valued at $773,595.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Janet Plaut Giesselman sold 5,886 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $17.99, for a total value of $105,889.14. Following the completion of the transaction, the director now directly owns 6,027 shares of the company’s stock, valued at approximately $108,425.73. The disclosure for this sale can be found here. Corporate insiders own 26.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its position in Twin Disc, by 10.6% in the second quarter. Gamco Investors INC. ET AL now owns 1,222,813 shares of the industrial products company’s stock valued at $19,736,000 after buying an additional 117,411 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Twin Disc, by 54.1% in the second quarter. Bank of New York Mellon Corp now owns 68,968 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 24,201 shares during the last quarter. Rhumbline Advisers acquired a new position in Twin Disc, during the second quarter valued at about $163,000. Granite Investment Partners LLC boosted its position in Twin Disc, by 56.4% in the second quarter. Granite Investment Partners LLC now owns 54,085 shares of the industrial products company’s stock valued at $873,000 after buying an additional 19,514 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Twin Disc, by 82.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,600 shares of the industrial products company’s stock valued at $527,000 after buying an additional 14,700 shares during the last quarter. 44.51% of the stock is owned by institutional investors.
Twin Disc, Company Profile
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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