Twitter Inc. (TWTR) Expected to Post Quarterly Sales of $610.26 Million
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.
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.
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.
WARNING: This article was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/twitter-inc-twtr-expected-to-post-quarterly-sales-of-610-26-million/1961168.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.