Twin Disc (TWIN) Given $30.00 Consensus Target Price by Brokerages

Shares of Twin Disc (NASDAQ:TWIN) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1 year consensus target price of $30.00 for the company and are forecasting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Twin Disc an industry rank of 97 out of 265 based on the ratings given to related companies.

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A number of research firms recently weighed in on TWIN. BidaskClub cut Twin Disc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. Robert W. Baird restated a “hold” rating on shares of Twin Disc in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Saturday, December 30th.

A number of institutional investors and hedge funds have recently bought and sold shares of TWIN. California State Teachers Retirement System bought a new stake in Twin Disc in the 2nd quarter valued at $244,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Twin Disc in the 4th quarter valued at $259,000. Navellier & Associates Inc bought a new stake in Twin Disc in the 4th quarter valued at $279,000. Chicago Equity Partners LLC raised its stake in Twin Disc by 14.6% in the 4th quarter. Chicago Equity Partners LLC now owns 18,725 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 2,390 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Twin Disc by 14.4% in the 3rd quarter. Wells Fargo & Company MN now owns 32,108 shares of the industrial products company’s stock valued at $597,000 after acquiring an additional 4,048 shares during the period. Institutional investors and hedge funds own 50.32% of the company’s stock.

Shares of Twin Disc stock traded down $0.44 on Friday, reaching $22.75. 23,495 shares of the company were exchanged, compared to its average volume of 35,471. Twin Disc has a one year low of $14.81 and a one year high of $31.95. The stock has a market cap of $263.56, a P/E ratio of -55.49 and a beta of 1.71. The company has a quick ratio of 1.30, a current ratio of 2.88 and a debt-to-equity ratio of 0.04.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Twin Disc had a positive return on equity of 2.92% and a negative net margin of 0.70%. The company had revenue of $56.55 million for the quarter, compared to analysts’ expectations of $51.50 million. During the same quarter in the prior year, the business posted ($0.26) EPS. The business’s revenue was up 68.0% compared to the same quarter last year. sell-side analysts expect that Twin Disc will post 0.44 EPS for the current year.

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Twin Disc Company Profile

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. It offers marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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