Equities research analysts predict that Twitter Inc (NYSE:TWTR) will report sales of $774.86 million for the current quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Twitter’s earnings. The lowest sales estimate is $755.00 million and the highest is $796.30 million. Twitter posted sales of $664.87 million during the same quarter last year, which suggests a positive year over year growth rate of 16.5%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, April 23rd.

On average, analysts expect that Twitter will report full-year sales of $3.49 billion for the current year, with estimates ranging from $3.44 billion to $3.55 billion. For the next year, analysts expect that the company will report sales of $3.97 billion, with estimates ranging from $3.78 billion to $4.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Twitter.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.15. The firm had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share.

TWTR has been the subject of several recent research reports. Zacks Investment Research cut Twitter from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 31st. Bank of America upgraded Twitter from an “underperform” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, January 10th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $44.00 price target on shares of Twitter in a research report on Thursday, January 10th. Vertical Group upgraded Twitter from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $36.00 price target on shares of Twitter in a research report on Friday, February 8th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.79.

In other news, Director Evan Clark Williams sold 24,643 shares of Twitter stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $30.09, for a total value of $741,507.87. Following the sale, the director now directly owns 1,092,572 shares of the company’s stock, valued at $32,875,491.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Montano sold 1,250 shares of Twitter stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $32.97, for a total value of $41,212.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,464,431 shares of company stock worth $46,652,981. 6.62% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of TWTR. Financial Gravity Companies Inc. purchased a new position in Twitter during the fourth quarter worth approximately $27,000. JOYN Advisors Inc. lifted its position in Twitter by 258.5% during the fourth quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after buying an additional 734 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in Twitter by 47.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after buying an additional 355 shares in the last quarter. Moody National Bank Trust Division lifted its position in Twitter by 92.6% during the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after buying an additional 478 shares in the last quarter. Finally, First Financial Corp IN purchased a new position in Twitter during the first quarter worth approximately $33,000. 68.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TWTR stock opened at $34.71 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.69. The company has a market cap of $26.81 billion, a P/E ratio of 63.11, a P/E/G ratio of 3.08 and a beta of 0.50. Twitter has a twelve month low of $26.19 and a twelve month high of $47.79.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

See Also: Net Income

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