Zacks: Analysts Anticipate Twitter Inc (TWTR) to Post $0.14 EPS
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.
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.
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