Wall Street brokerages expect Twitter Inc. (NYSE:TWTR) to post sales of $610.26 million for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Twitter’s earnings, with estimates ranging from $598.72 million to $625.70 million. Twitter posted sales of $548.25 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is scheduled to report its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Twitter will report full-year sales of $610.26 million for the current financial year, with estimates ranging from $2.45 billion to $2.79 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.95 billion per share, with estimates ranging from $2.60 billion to $3.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Twitter.

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Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. Twitter’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS.

A number of research analysts recently weighed in on TWTR shares. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $25.65 price target on the stock in a research note on Thursday, November 23rd. MKM Partners raised their price target on shares of Twitter from $18.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Evercore ISI started coverage on shares of Twitter in a research note on Tuesday, December 5th. They issued an “in-line” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of Twitter from a “neutral” rating to an “overweight” rating and raised their price target for the company from $20.00 to $27.00 in a research note on Monday, December 18th. Finally, Summit Redstone assumed coverage on shares of Twitter in a report on Monday, December 18th. They issued a “buy” rating and a $26.00 price objective for the company. Eight equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Twitter presently has a consensus rating of “Hold” and an average price target of $23.54.

In other news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $23.28, for a total transaction of $349,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Clark Williams sold 18,347 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $24.27, for a total transaction of $445,281.69. Following the sale, the director now owns 2,328,359 shares of the company’s stock, valued at approximately $56,509,272.93. The disclosure for this sale can be found here. Insiders have sold a total of 2,282,379 shares of company stock valued at $70,559,388 in the last 90 days. Insiders own 10.79% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Coatue Management LLC increased its holdings in Twitter by 209.9% in the 4th quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after purchasing an additional 16,496,725 shares during the last quarter. Element Capital Management LLC acquired a new stake in Twitter in the 4th quarter valued at approximately $71,888,000. SG Americas Securities LLC increased its holdings in Twitter by 18,701.9% in the 4th quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after purchasing an additional 2,406,186 shares during the last quarter. Cambiar Investors LLC acquired a new stake in Twitter in the 4th quarter valued at approximately $53,753,000. Finally, Key Square Capital Management LLC increased its holdings in Twitter by 178.3% in the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after purchasing an additional 2,157,882 shares during the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.

Shares of Twitter (NYSE TWTR) traded up $0.41 during trading on Tuesday, reaching $31.61. 9,956,778 shares of the company were exchanged, compared to its average volume of 31,297,801. The stock has a market cap of $24,577.11, a price-to-earnings ratio of -197.56, a PEG ratio of 8.76 and a beta of 0.81. Twitter has a 1 year low of $14.12 and a 1 year high of $36.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12.

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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 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.

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