Wall Street brokerages predict that Twitter Inc (NYSE:TWTR) will announce earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for Twitter’s earnings, with estimates ranging from $0.06 to $0.18. Twitter reported earnings per share of $0.10 during the same quarter last year, which would suggest a positive year over year growth rate of 40%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Twitter will report full year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.94. For the next financial year, analysts forecast that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.58 to $1.02. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Twitter.

Twitter (NYSE:TWTR) last released its earnings results on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Twitter had a net margin of 8.57% and a return on equity of 4.37%. The company had revenue of $710.54 million for the quarter, compared to analysts’ expectations of $697.35 million. During the same quarter last year, the business earned $0.08 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 30th. Macquarie cut shares of Twitter from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $36.00 to $42.00 in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Wells Fargo & Co restated a “market perform” rating and set a $42.00 target price (up previously from $32.00) on shares of Twitter in a research note on Tuesday, July 3rd. Cleveland Research set a $46.00 target price on shares of Twitter and gave the stock a “hold” rating in a research note on Tuesday, July 10th. Finally, UBS Group raised their target price on shares of Twitter from $36.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. Four analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.77.

NYSE TWTR opened at $29.01 on Monday. Twitter has a 12 month low of $16.75 and a 12 month high of $47.79. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 483.50, a PEG ratio of 3.74 and a beta of 0.73. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.47.

In related news, VP Matthew Derella sold 7,008 shares of the firm’s stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $44.46, for a total value of $311,575.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $44.34, for a total transaction of $30,250,610.28. Following the completion of the transaction, the director now directly owns 1,802,974 shares of the company’s stock, valued at $79,943,867.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,136,495 shares of company stock worth $147,468,188. Company insiders own 10.79% of the company’s stock.

Several hedge funds have recently bought and sold shares of TWTR. American International Group Inc. grew its holdings in shares of Twitter by 52.2% in the first quarter. American International Group Inc. now owns 21,488 shares of the social networking company’s stock valued at $623,000 after purchasing an additional 7,369 shares in the last quarter. Aperio Group LLC boosted its stake in Twitter by 57.8% during the first quarter. Aperio Group LLC now owns 133,792 shares of the social networking company’s stock worth $3,881,000 after buying an additional 48,992 shares during the period. US Bancorp DE boosted its stake in Twitter by 31.4% during the first quarter. US Bancorp DE now owns 22,830 shares of the social networking company’s stock worth $662,000 after buying an additional 5,460 shares during the period. Korea Investment CORP boosted its stake in Twitter by 1,304.5% during the first quarter. Korea Investment CORP now owns 67,446 shares of the social networking company’s stock worth $1,957,000 after buying an additional 62,644 shares during the period. Finally, KBC Group NV boosted its stake in Twitter by 155.8% during the first quarter. KBC Group NV now owns 157,832 shares of the social networking company’s stock worth $4,579,000 after buying an additional 96,140 shares during the period. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: How to Invest in the Dividend Aristocrat Index

Get a free copy of the Zacks research report on Twitter (TWTR)

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.