Twin Disc, Incorporated (TWIN) to Issue Quarterly Dividend of $0.04 on June 1st

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.04 per share by the industrial products company on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th.

Twin Disc has a payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings.

Twin Disc Trading Down 4.9%

Shares of Twin Disc stock opened at $15.71 on Friday. Twin Disc has a 1-year low of $6.69 and a 1-year high of $19.63. The company’s fifty day simple moving average is $16.61 and its 200-day simple moving average is $16.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.12 and a quick ratio of 0.75. The stock has a market capitalization of $226.57 million, a PE ratio of 10.47 and a beta of 0.72.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.17). The company had revenue of $90.18 million during the quarter, compared to analysts’ expectations of $92.80 million. Twin Disc had a return on equity of 0.02% and a net margin of 6.26%.

Analyst Ratings Changes

Several research analysts have recently commented on TWIN shares. Wall Street Zen downgraded Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Weiss Ratings upgraded Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Twin Disc Company Profile

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.